04:57 PM EDT, 05/23/2024 (MT Newswires) -- Royal Philips (PHG) said late Thursday it priced 700 million euros ($756.9 million) of fixed rate notes due 2032 at 98.257% of par, with the offering more than 2 times oversubscribed.

The company said the notes will have a debt-neutral effect, as the proceeds will be used for debt repayment in 2024 and 2025.

Price: 26.51, Change: -0.01, Percent Change: -0.04