Unilever N.V. (UN) plans to sell a CNY300 million three-year offshore-yuan bond at around 1.25%, a person familiar with the proposed deal said Monday.

The planned Reg S offering is rated A1 with a stable outlook by Moody's Investors Service and A+ with a stable outlook by Standard & Poor's, and is guaranteed by Unilever PLC and Unilever United States, Inc., the person said.

The expected settlement date for the proposed bond, which won't grow beyond CNY300 million in size, is March 31, the person added.

-By Natasha Brereton, Dow Jones Newswires; +65-6415-4044; natasha.brereton@dowjones.com
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