Novartis Finance €1.85 billion 0% and 1.125% notes issues

Overview:

• Healthcare provider Novartis - through subsidiary Novartis Finance - has issued €1.25 billion 0% notes due 2021 and €600 million 1.125% notes due 2027, both listed on the SIX Swiss Exchange.
• The 2021 notes were issued at 99.133% of their principal amount.
• Barclays Bank, BNP Paribas and Deutsche Bank (London Branch), served as joint lead managers on the issues.
• HSBC, Société Générale and NatWest Markets acted as co-managers.
• The issues follow hot on the heels of the listing of a series of US issues totalling $3 billion by the company six weeks prior to these.

Jon Moore - Journalist