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Unilever NV (UNA) obtained a record-low 0.45 percent coupon on $450 million of three-year bonds, the least for dollar-denominated debt of that maturity, according to data compiled by Bloomberg.
The world’s second-largest consumer-products company sold the debt at 99.603 cents on the dollar to yield 0.584 percent, or a yield of 27 basis points more than similar-maturity Treasuries, Bloomberg data show.
The coupon beat the previous record of 0.55 percent on three-year notes sold by International Business Machines Corp. on Feb. 1 and by Sysco Corp. (SYY) on June 6, the data show.
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