IFLR1000

Novartis €2.25 billion bond private placements

15/2/2018
Investment grade bond/note issue
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€ 2.25 billion

$ 2.787 billion

Completed

15/2/2018

Overview:

  • Novartis Finance has placed €750 million notes issued at 99.655% of their principal amount with an interest rate of 0.5%, €750 million notes issued at 99.957% of their principal amount with an interest rate of 1.375%, and €750 million notes issued at 99.217% of their principal amount with an interest rate of 1.7%.
  • The issues are guaranteed by Novartis.
  • Barclays Bank, BNP Paribas and Deutsche Bank - London Branch acted as joint lead managers on the issues, with HSBC Bank, Société Générale and The Royal Bank of Scotland (trading as NatWest Markets) serving as co-managers.

Jon Moore - Journalist

Jurisdiction:

Switzerland

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Switzerland

Industry sector:

Pharmaceuticals and life sciences

Firms:
Bär & Karrer

Party: Novartis (Guarantor, Issuer)

Clifford Chance

Party: Barclays (Joint lead manager)

Party: BNP Paribas (Joint lead manager)

Party: Deutsche Bank (Joint lead manager)

Party: HSBC (Manager)

Party: Societe Generale (Manager)

Party: Royal Bank of Scotland (RBS) (Manager)

Mayer Brown

Party: Novartis (Issuer, Guarantor)

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