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Starbucks grosses ¥85.00 billion from debt offering

Starbucks Corp. raised gross proceeds of ¥85.00 billion from an offering of 0.372% senior unsecured notes due March 15, 2024.

The company plans to use the proceeds for general corporate purposes or working capital and investment in securities.

Morgan Stanley & Co. International PLC and MUFG Securities EMEA PLC were the lead underwriters.

As of March 10, US$1 was equivalent to ¥114.95.