Magnum Ice Cream Raises $3.5 Billion in Bond Issue, Unilever Spinoff Nears

The Magnum Ice Cream Company on Wednesday said it had completed a 3 billion euro ($3.48 billion) debut bond issue that was oversubscribed seven times, less than two weeks before the company will finalise a spinoff from Unilever and list in Amsterdam.

Magnum, which also includes brands such as Wall's and Ben & Jerry's, is ready to tackle challenges from logistics to the rising popularity of weight-loss drugs when it goes solo, its supply chain head told Reuters this week.

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