Philip Morris International Inc. $(PMI.UK)$ has announced the issuance of €1 billion in debt securities, divided equally between two offerings. The company issued €500 million of its 2.750% Notes, which will mature on June 6, 2029, and another €500 million of its 3.250% Notes, set to mature on June 6, 2032. Interest on both issuances is payable annually in arrears on June 6, beginning in 2026. These notes are senior unsecured obligations and will rank equally with all existing and future senior unsecured indebtedness of PMI. The proceeds from the debt offering are intended for general corporate purposes, including repayment of outstanding commercial paper and meeting working capital requirements.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.