ST. LOUIS, April 12, 2011 /PRNewswire/ -- Monsanto Company (NYSE: MON) today announced a 5-year, $300 million public debt offering. Notes will be issued at 99.787 percent and bear interest at 2.75 percent, resulting in a yield of 2.796 percent. The notes mature on April 15, 2016, with a first interest payment date of Oct. 15, 2011.
The proceeds from the debt offering will be used for general corporate purposes, including repaying a note due to Pfizer Inc. related to Monsanto's acquisition of the Chesterfield Village research facility last year.
Monsanto's shelf registration was filed and became effective on October 31, 2008.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on Twitter® at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at www.monsantoblog.com, or subscribe to our News Release RSS Feed.
CONTACT: Media – Kelli Powers (314-694-4003)
SOURCE Monsanto Company