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TOKYO — Procter & Gamble increased a planned sale of five-year bonds to $1.1 billion, according to a person familiar with the matter.
The maker of Gillette razors and Tide detergent will price the notes to yield 0.28 percentage points more than the yen swap rate, said the person, who asked not to be named as the information is private.
The coupon will be set today, the person said.
P&G, based in Cincinnati, last sold yen-denominated debt in May 2000, when it raised 50 billion yen from 10-year, 2 percent bonds maturing next month, according to data compiled by Bloomberg.
