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L’Oreal SA is selling $1 billion of investment-grade notes on Tuesday — the makeup company’s first time borrowing in the US corporate bond market.
The cosmetics giant is selling a 10-year deal yielding 0.63 percentage point above Treasuries, according to a person familiar with the matter. Initial pricing called for a spread in the area of 0.9 percentage point above the benchmark, the person said, asking not to be identified discussing private details.
The company has issued…
