Procter & Gamble Co. has launched a tender offer to buy back up to $1.25 billion in debt.
Downtown Cincinnati-based consumer products giant P&G’s offer includes 11 different series of debt securities, including two monetized in British pounds and two in euros, according to a news release. The securities’ maturity date ranges from 2020 to 2037.
The offering includes about $260 million in debt that carries interest rates of 8 percent or higher. That’s higher than P&G (NYSE: PG) would have…
