Bacardi is selling its first euro bonds in four years as the average yield investors demand to hold investment-grade corporate debt approaches the highest in three-and-a-half months.The world’s biggest rum maker is offering €650 million ($870 million) of 10-year notes, according to a person familiar with the Bermuda-based company’s deal, Bloomberg reported.The average yield investors demand to hold corporate bonds rose four basis points to 1.95 percent, approaching the 14-week high reached on June 12, Bank of America Merrill Lynch index data show.Benchmark credit gauges were little changed last week before a Federal Reserve meeting that clarified plans to slow US monetary stimulus. Yields rose from record lows and the cost of insuring corporate debt against default climbed last month after Chairman Ben Bernanke said that measures could be trimmed if the jobs outlook shows sustainable improvement.“It’s quite a prudent approach for Bacardi to issue now,” Roger Webb, a London-based fund manager at Scottish Widows Investment Partnership, told Bloomberg. “There’s a window of opportunity to get deals done now as the market was much more volatile last week, and after the Fed meeting who knows what may happen.”The Bacardi bonds may be priced to yield about 100 basis points more than the mid-swap rate, the person familiar said, compared with an average 95 basis points in the Bank of America Merrill Lynch seven to 10 Year Euro Non-Financial Index.The proceeds from Bacardi’s new notes may be used to redeem €650 million of bonds maturing next year and for general corporate purposes, the person familiar said.Bacardi sold dollar-denominated securities in 2011, Bloomberg data show.Amy Federman, a spokeswoman for the company in Bermuda, didn’t immediately respond to Bloomberg to an e-mail sent outside office hours.Interxion Holding NV, the Dutch provider of internet data-centre services, is also in the new issue market with an offering of €300 million of seven-year speculative-grade bonds that may yield six percent to 6.25 percent, according to a person familiar with the deal. The proceeds from the notes will be used to fund the tender for its existing 9.5 percent notes due 2017, the person said.Interxion’s notes are expected to be rated B2 by Moody’s Investors Service, five levels below investment grade, according to a June 18 report.