Sanofi Announces Successful EUR 1.5 Billion Bond Pricing Venture
Sanofi Successfully Prices EUR 1.5 Billion Bond Issue
Sanofi has marked a significant milestone by successfully pricing its offering of EUR 1.5 billion in new bond issues. This endeavor reflects the company’s ongoing commitment to financial strength and growth opportunities within the global healthcare landscape.
Details of the Bond Offering
The bond issuance is divided into two tranches:
Floating Rate Notes
The first tranche consists of €850 million in floating rate notes that are set to mature in March 2027. These notes will bear interest tied to the 3-month Euribor plus an additional margin of 0.300%. This structure provides flexibility and aligns with market trends favoring variable interest rates.
Fixed Rate Notes
In addition, there is a tranche of €650 million in fixed-rate notes, maturing in March 2031. This tranche carries a stable interest rate of 2.750% annually, offering reassurance to investors seeking predictable returns.
Purpose of the Bond Issue
Sanofi plans to utilize the net proceeds from this bond offering to support general corporate purposes. This step is crucial for the company as it continues to pursue advancements in pharmaceuticals and healthcare solutions globally. By strengthening its capital structure, Sanofi is well-positioned to invest in research and development, creating potentially breakthrough therapies for various diseases.
Involvement of Leading Financial Institutions
The successful placement of these notes has been facilitated by leading financial institutions. Deutsche Bank and J.P. Morgan acted as Global Coordinators for the transaction. Other notable partners include ING, Santander CIB, and Unicredit, which served as Joint Lead Managers. Their expertise played a vital role in ensuring a smooth issuance process.
About Sanofi
Sanofi is a global healthcare innovator driven by the mission to improve the lives of people worldwide. Through relentless efforts in research and development, Sanofi works to turn innovative ideas into effective therapies and preventive measures.
Core Values and Commitments
Sanofi's operations emphasize sustainability and social responsibility. By centering these values in its objectives, the company is committed to making life-saving healthcare accessible to millions while pursuing sustainable practices that benefit the communities it serves.
Contact for Media and Investor Relations
Media Relations
Sandrine Guendoul | +33 6 25 09 14 25 | sandrine.guendoul@sanofi.com
Evan Berland | +1 215 432 0234 | evan.berland@sanofi.com
Investor Relations
Thomas Kudsk Larsen | +44 7545 513 693 | thomas.larsen@sanofi.com
Frequently Asked Questions
What is the total amount of the bond issue priced by Sanofi?
Sanofi has successfully priced a total of EUR 1.5 billion in bonds.
How are the bonds structured?
The bond issue consists of €850 million in floating rate notes and €650 million in fixed rate notes.
What will Sanofi do with the funds raised from this bond issue?
The net proceeds from the bond issue will be used for general corporate purposes to enhance Sanofi's capacities and innovations.
Who managed the bond issuance?
Deutsche Bank and J.P. Morgan were the Global Coordinators, supported by ING, Santander CIB, and Unicredit as Joint Lead Managers.
What is Sanofi’s mission?
Sanofi’s mission is to improve people's lives by driving innovation in healthcare and addressing unmet medical needs globally.
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