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IBM grosses €993.4 million from debt offering

International Business Machines Corp. raised gross proceeds of €993.4 million from an offering of 0.5% senior unsecured notes due Sept. 7, 2021.

The company plans to use the proceeds for general corporate purposes or working capital.

Deutsche Bank AG's London branch, Goldman Sachs & Co. LLC, Merrill Lynch International, SG Corporate & Investment Banking and UniCredit Bank AG were the lead underwriters.

ING Bank NV's Belgium branch and TD Securities (USA) LLC also served as underwriters for the offering.