By Miriam Gottfried
Coca-Cola (KO) announced a cash tender offer for debt it issued, as well as debt issued by Coca-Cola Enterprises, the major bottler it acquired last month.
Coke is one of a number of companies seizing the opportunity to sell cheap debt after the Federal Reserve?s move to pump at least $600 billion into the economy. Other big-name debt sellers include Dow Chemical (DOW) and�General Electric (GE).
Coca-Cola is offering a tranche of 18-month floating-rate notes, and three tranches of fixed-rate notes going out three, five and 10 years. The company may raise at least $4 billion in the bond offering, according to Bloomberg News.
Coca-Cola shares are up 1% to $62.58.
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