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Re: DewDiligence post# 21477

Wednesday, 03/25/2020 1:40:26 PM

Wednesday, March 25, 2020 1:40:26 PM

Post# of 30508
PHG issues €1B of 5- and 10-year notes @1.47% and 2.09%, respectively (on a YTM basis):

https://www.globenewswire.com/news-release/2020/03/25/2006443/0/en/Philips-successfully-prices-offering-of-Notes-for-EUR-1-billion.html

Investors consider PHG is a weaker a credit than SNY, based on the interest rates for the two companies’ comparable-duration bonds (#msg-154543404). This makes sense insofar as PHG’s business is more cyclical.

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