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Heinz sells US$10b of bonds for Kraft merger

The merger of Kraft and Heinz, backed by Berkshire Hathaway and Brazilian private equity firm 3G Capital, was announced in March, and marketing for the bond financing got underway last week.

New York

HJ HEINZ Co put US$10 billion of bonds on sale on Tuesday to finance its pending US$46 billion merger with Kraft, and will pay hardly any new issue concession at all as investors piled into the offering.

Two buyside sources said that order books were around US$45 billion...

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