Honeywell begins $1.5 bln notes offering

martedì 26 febbraio 2008 23:27

Feb 26 (Reuters) - Diversified manufacturer Honeywell International Inc (HON.N: Quotazione) said it began a public offering of $1.5 billion of senior notes and will use the proceeds to repay outstanding commercial paper.

The company is offering $600 million of 4.25 percent senior notes due 2013 and $900 million of 5.30 percent notes due 2018, it said in a statement. Banc of America Securities LLC, Barclays Capital and Citi are the joint book-running managers for the offering. (Reporting by Anant Vijay Kala in Bangalore; Editing by Anil D'Silva)