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Coca-Cola Amatil raises $444m on US bond market

Coca-Cola Amatil raises $444m on US bond market

Coca-Cola Amatil (ASX:CCL) announced it raised US$400 million ($444.6 million) from its first listing on the US 144A bond market.

The five-year convertible notes have a coupon of 3.25%, equivalent to a spread of 95 basis points over the five-year US treasury note, the company told the ASX.

The funds will be used for a debt refinancing.

Coca-Cola Amatil said the transaction will ensure the company is fully funded for all of its debt due to mature in 2010.

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