PepsiCo Is Raising €1 Billion a Day After Cutting Profit Outlook

PepsiCo Inc. entered Europe’s public bond market on Friday with a €1 billion ($1.12 billion) two-part deal, a day after cutting its profit outlook on mounting costs in North America.

By Colin Keatinge and Olga Voitova · Bloomberg Markets

PepsiCo Inc. entered Europe’s public bond market on Friday with a €1 billion ($1.12 billion) two-part deal, a day after cutting its profit outlook on mounting costs in North America.