CSL prices US$1.25 billion in new corporate bonds

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CSL (ASX:CSL) has announced that it has priced US$1.25 billion in corporate bonds in the US market.

The company said the notes will be issued by CSL Finance Plc and guaranteed by the parent company, CSL Limited, and certain subsidiaries.

The company said the principal amount, tenor and coupon for the notes are US$500 million 10-year at a fixed rate coupon of 5.106 per cent and US$750 million 30-year at a fixed rate coupon of 5.417 per cent.

CSL said it will use the cash proceeds to refinance existing bank debt and the remainder for general corporate purposes. Settlement is expected to occur on 3 April 2024.