PayPal in underwriting pact for $640M in yen-denominated notes
Sean Gallup

PayPal Holdings (NASDAQ:PYPL) has priced an offering of Â¥90B ($640M) of senior notes in three parts that's expected to close on June 9, 2023, according to an SEC filing.
The offering consists of Â¥30B of 0.813% notes due 2025, Â¥23B of 0.972% notes due 2026, and Â¥37B of 1.240% notes due 2028.

The purchase price of: the 0.813% senior notes due 2025 is 99.850% of principal amount; the 0.972% senior notes due 2026 is 99.750% of principal amount; and the 1.240% senior notes due 2028 is 99.650% of principal amount.
PayPal (PYPL) entered into an underwriting agreement with Mizuho Securities USA LLC (MFG), Morgan Stanley & Co. International (MS), and SMBC Nikko Securities America for the offering.

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