Monsanto Reveals $1 Bln. Public Debt Offering - Quick Facts

(RTTNews) - Monsanto Co. (MON) Monday announced a $1 billion public debt offering, with $400 million in 3-year bonds, $300 million in 5-year bonds and $300 million in 30-year bonds.

The company intends to use the net proceeds received from the sale of the notes, together with available cash, to repay commercial paper issued to finance the acquisition of The Climate Corp., and for other general corporate purposes.

The 3-year floating rate notes will bear interest at a rate equal to three month LIBOR, reset quarterly, plus 0.20 percent. These notes mature on November 7, 2016 with a first interest payment date of February 7, 2014.

The 5-year notes will be issued at 99.861 percent and bear interest at 1.85 percent, resulting in a yield of 1.879 percent. These notes mature on November 15, 2018 with a first interest payment date of May 15, 2014.

The 30-year notes will be issued at 99.951 percent and bear interest at 4.65 percent, resulting in a yield of 4.653 percent. These notes mature on November 15, 2043 with a first interest payment date of May 15, 2014.