Kerry Group has raised €750m to help fund acquisitions and repay existing debt.

The money was raised through the sale of a 10-year bond, which sold at a yield of 0.625% through Kerry Group's financial services subsidiary.

The company said the rate was the lowest ever achieved by an Irish corporate or financial institution.

It said the money would be used for general business purposes, including the repayment of debt and the funding of acquisitions made in the past 18 months.

That includes Japanese savory ingredients business Ariake and US-based seasonings firm Southeastern Mills, which were acquired late last year for a combined €325m.

Kerry's bonds were rated Baa2/BBB+ by Moody's and Standard & Poor's, and guaranteed by Kerry Group.