debt
confidence high
sentiment neutral
materiality 0.60
General Mills issues €1.7B in junior subordinated notes due 2056
GENERAL MILLS INC
- €1.0B Series A at 4.750%, fixed-to-fixed reset rate, due 2056.
- €700M Series B at 5.250%, fixed-to-fixed reset rate, due 2056.
- Sale closed April 16, 2026; underwriters include Barclays, Deutsche Bank, Citi, J.P. Morgan.
- Notes are junior subordinated and rank behind senior debt.