Packaging company Smurfit Kappa said it had completed an offering of €750m euro-denominated senior notes due in 2027.
The notes priced at par and had a coupon of 1.50%.
Proceeds would be used in combination with cash reserves to redeem in full senior floating rate notes due in 2020 and 3.25% senior notes due in 2021.
'Given the strength of institutional demand, we increased the offering from our initial target size of €500m,' treasurer Paul Regan said.
'This transaction, which demonstrates the strong credit profile of the group, further reduces our interest cost and extends our debt maturity profile.'
At 2:51pm: (LON:SKG) Smurfit Kappa Group PLC share price was -36p at 2622p