Michelin Said to Mull 30-Year Note Among Sale as Long Bonds Rise
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Michelin & Cie., Europe’s largest tiremaker, is considering offering 30-year bonds as it sells euro securities.
Michelin may add notes due in 2045 that would yield about 2.75 percent, according to a person familiar with the matter. The Clermont-Ferrand, France-based company is already marketing 600 million euros ($669 million) of seven-year and 12-year notes, according to the person, who asked not to be identified because they’re not authorized to speak publicly.