PepsiCo sells €2.5 billion of euro notes in four tranches due 2028 to 2047

PepsiCo sold €2.5 billion of euro-denominated notes in four tranches maturing between 2028 and 2047, with issuance on February 11, 2026. Net proceeds of about €2,482 million are for general corporate purposes, including repaying commercial paper. The 2034 notes priced at 99.972% with a 3.300% coupon, and the 2047 notes at a 4.150% coupon.

• €500M floating rate notes due 2028 at three-month EURIBOR plus 0.230%
• €650M 3.300% notes due 2034; €850M 3.700% notes due 2038
• €500M 4.150% notes due 2047
• Net proceeds about €2,482M