LONDON - Consumer products group Unilever has set the size of a planned five-year bond at 350 million pounds ($485 million), an official at one of the banks managing the sale said on Friday.
Final guidance was tightened to gilts plus 200 basis points, the official said, which was lower than initial guidance talk of gilts plus 210 basis points cited by IFR Markets and refined guidance of gilts plus 205 basis points.
Orders for the bond are in excess of 1 billion pounds and pricing is expected later on Thursday, the official said.
Citigroup, Deutsche Bank, HSBC and Royal Bank of Scotland have been appointed to manage the issue.
Unilever is rated A+ by Standard & Poor's, A1 by Moody's Investors Service and A+ by Fitch Ratings.
(Reporting by Natalie Harrison)