Issue size (Mi) Maturity Date $1,000 Coupon 0.700% 08/15/2014 Coupon Type Fixed Callable Yes Coupon Frequency Semiannually Proctor and Gamble's total amount of debt increased from 31.9% in March 2011 to 34.2% in December 2011, mainly due to its net debt issuances to fund general corporate purposes What was the annual cost of the funds to P&G raised from the $1.0 billion bonds that mature in 2014? basis points Historical Treasury Rates If the bond sold at 100.10 at the time of issue, investors observed that required annual yield would be 2 Year Nominal 5 Year Nominal Looking at the comparable U.S. Treasury yield, these bonds were issued at a spread of 0.79% 1.0 basis points Because the coupon rate is 0.19% the yield required by the market, the bond sold at at the time of issue. uly 2011 Aug. Sept. Oct Nav. Dec. Jan 20.2 Time Period Source: U.S. Department of Treasury, cibed on Morningstar.com