PepsiCo today completed a $2.5 billion, three-part offering at levels below its previously placed three-, five-, and 30-year notes. The company placed $900 million of 0.7% notes due 2015 at T+33, or 0.71%, $1 billion of notes due 2017 at T+63 or 1.36%, and $600 million of notes due 2042 at T+95 or 3.69%.

The Purchase, N.Y.-based company last placed a three, and 30-year tenor on Feb. 29, 0.75% notes due March 2015 at T+35, or 0.77%, and 4% notes due 2042 at T+95, or 4.02%. It placed its previous five-year maturity in May 2011, 2.5% notes due 2016 at T+57.

Of note, today’s 2015 notes now hold the fourth lowest reoffer yield for a three-year tenor, 2017 issue was completed at the seventh lowest reoffer yield, and the 2042 notes were placed at the fourth lowest reoffer yield, according to LCD data.

Proceeds from the proposed sale will be used for general corporate purposes, including the repayment of commercial paper, filings show. Of note, as of June 16, the company had $3.3 billion in commercial paper outstanding. Terms: