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CPI seeks takeover fund

This article was originally published in The Public Ledger

US-based Corn Products International has announced a $900m senior unsecured note offering. The company will use the funds as part of its acquisition of National Starch from Akzo Nobel. The offering consists of $350m aggregate principal amount of 3.200% notes due November 1, 2015, $400m of 4.625% notes due November 1, 2020, and an additional $150m of 6.625% notes due April 15, 2037. It should close on September 17.


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