SWX:SDZPharmaceuticals
How Bond Issuance At Sandoz Group Has Changed Its Investment Story
Sandoz Group issued a €500 million bond with a 4.835% coupon and 12-year maturity, aiming to use the proceeds for general corporate purposes including refinancing existing debt and keeping its average interest rate on gross borrowings below 4%.
The new bond extends Sandoz Group’s debt maturity profile to 2038 and supports its goal of preserving investment grade ratings from Moody’s and S&P, which can influence funding flexibility for ongoing biosimilar manufacturing investments.
We will now...