THE WHAT? Procter & Gamble has filed documents with the US Securities and Exchange Commission detailing funding of €1.1 billion raised via bonds in Euro and Japanese Yen, according to a report published by the Cincinnati Business Courier.

THE DETAILS One tranche of €500 million is due in 2030 with interest set at 0.35 percent and another of €600 million will be payable by 2041 with interest fixed at 0.9 percent.

THE WHY? The US FMCG behemoth is taking advantage of historically low interest rates in Europe and Japan as well as hedging its currency exposure and diversifying its funding sources. A P&G spokesperson told the Cincinnati Business Courier that the funds were intended for ‘general corporate purposes’.