FedEx €3 billion notes issue

Overview:

• FedEx issued €3 billion notes.
• The offer included €500 million of floating rate notes due 2019, €500 million of 0.5% notes due 2020, €750 million of 1.0% notes due 2023 and €1.25 billion of 1.625% note due 2027
• The proceeds from the notes were used to finance FedEx's acquisition of TNT Express.
• BNP Paribas, Merrill Lynch, Deutsche Bank and JP Morgan acted as bookrunners.
• BNP Paribas, Citigroup Global Markets, Deutsche Bank, HSBC, ING Bank, JP Morgan, Merrill Lynch, Mizuho International, Morgan Stanley, Scotiabank and Wells Fargo acted as underwriters.

Rani Mehta - Journalist