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Pepsico grosses C$749.5 million from debt offering

PepsiCo Inc. raised gross proceeds of C$749.5 million from an offering of 2.15% senior unsecured notes due May 6, 2024.

The company plans to use the proceeds for general corporate purposes or working capital and redemption or repayment of debt securities.

HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities (USA) LLC were the lead underwriters.