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S&P gives Mondelez notes BBB
S&P said it rated Mondelez International Inc.’s planned senior unsecured notes BBB. The final amount and maturities are to be determined.
The agency affirmed Mondelez’s BBB ratings on May 4.
The company plans to use the proceeds to fund a tender offer of up to $850 million on several notes and the redemption of the $1 billion of 0.625%, bonds that mature July 1. The agency said it will withdraw the ratings on the notes following redemption.
The outlook is stable.
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