09:14 AM EDT, 09/29/2025 (MT Newswires) -- Medtronic ( MDT ) said Monday that its wholly-owned indirect subsidiary has completed a 1.5 billion euros ($1.76 billion) public bond offering, issuing 750 million euros of 2.95% senior notes due 2030 and 750 million euros of 4.2% senior notes due 2045.

The company said all obligations under the notes are fully and unconditionally guaranteed on a senior unsecured basis by Medtronic plc ( MDT ) and its subsidiary Medtronic Global Holdings.

The offering would generate net proceeds of about 1.49 billion euros after underwriting discounts and related expenses, the company added.

Medtronic ( MDT ) said the proceeds will be used to repay existing debt, specifically Medtronic Luxco's 0.000% and 2.625% senior notes, both maturing in 2025.