Coca-Cola offers $4.5bn in debt

Coca-Cola Co hit the market yesterday with its largest ever debt offering of $4.5bn, including a three-year tranche at one of the lowest interest rates ever in the high grade corporate bond market. The offering comes as the soft drink company aims to take advantage of low rates. Coke is offering to buy back a range of debt securities in a tender offer, including three-year notes at a coupon of 0.75 percent, which tied it with the deal obtained last month by Wal-Mart .