Royal Philips (PHG) said late Monday it has priced an offering of 650 million euros ($758.1 million) of 4% fixed rate notes due 2034 under its European medium term note program.
The issue price is 99.655%, the company said, adding that the 7.8 year tranche was oversubscribed by 2.7 times. It expects to settle and issue the notes on Aug. 28.
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