Sanofi Secures EUR 1.5 Billion Through Recent Bond Offering
Sanofi's Recent Bond Offering: Key Highlights
Sanofi, a globally recognized leader in healthcare, has successfully completed its bond offering, securing EUR 1.5 billion through two distinct tranches. This strategic financial move emphasizes the company's commitment to maintaining its strong market position and providing innovative healthcare solutions worldwide.
Details of the Bond Issuance
The bond issuance includes €850 million in floating rate notes set to mature in March 2027, with an interest rate linked to the 3-month Euribor plus a margin of 0.300%. Additionally, there are €650 million fixed rate notes maturing in March 2031, offering investors an attractive annual interest rate of 2.750%.
Purpose of the Proceeds
Sanofi plans to utilize the net proceeds from this bond issuance for general corporate purposes. This financial strategy will bolster its ongoing projects and expand its capabilities in providing essential healthcare solutions across the globe.
Management and Oversight of the Transaction
This bond transaction has been coordinated by leading financial institutions, with Deutsche Bank and J.P. Morgan acting as Global Coordinators. Joint Lead Managers for the offering include ING, Santander CIB, and Unicredit. Their expertise and contacts in the financial markets play a crucial role in the successful execution of this bond offering.
About Sanofi
Sanofi is a dynamic global healthcare company with a mission to improve lives through innovative solutions. The organization focuses on harnessing the miracles of science, aiming to transform what is currently impossible into achievable outcomes for individuals and health systems alike. Every day, Sanofi's dedicated team brings potentially life-saving treatments and vaccines to millions around the world while maintaining a strong commitment to sustainability and social responsibility.
Corporate Responsibility and Innovation
Sanofi continues to prioritize sustainable practices that align with its goal of providing accessible healthcare solutions. The company seeks to push the boundaries of medical science to develop transformative therapies that address unmet medical needs.
Investor Relations Contacts
Sanofi encourages open communication with its stakeholders. Should you have inquiries or require additional information regarding the bond offering or other corporate matters, please reach out to the following contacts:
Media Relations
Sandrine Guendoul | + 33 6 25 09 14 25 | sandrine.guendoul@sanofi.com
Evan Berland | +1 215 432 0234 | evan.berland@sanofi.com
Nicolas Obrist | + 33 6 77 21 27 55 | nicolas.obrist@sanofi.com
Frequently Asked Questions
What is the total amount raised by Sanofi through this bond issue?
Sanofi successfully raised EUR 1.5 billion through its bond offering.
What are the two tranches of the bond issue?
The bond issue consists of €850 million in floating rate notes and €650 million in fixed rate notes.
When do the bonds mature?
The floating rate notes will mature in March 2027, while the fixed rate notes will mature in March 2031.
What are the intended uses for the funds raised?
The net proceeds will be utilized for general corporate purposes.
Who are the financial institutions involved in this transaction?
Deutsche Bank and J.P. Morgan acted as Global Coordinators, with ING, Santander CIB, and Unicredit serving as Joint Lead Managers.
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