CLEVELAND (Nov. 27)—Parker Hannifin Corp. has issued euro 300 million worth of five-year bonds at a coupon rate of 6.25 percent, the company announced. Proceeds from the notes, which will mature on Nov. 21, 2005, were used to pay down a debt associated with the company´s acquisition of Wynn´s International. Parker said its long-term debt ratings have been reaffirmed following the move, reflecting an above-average position.
Parker Hannifin Corp. issues euro 300 million five-year bonds
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