| Sanofi successfully prices USD 1 billion bond issue |
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28/09/2011 15:03 (245 Day 02:10 minutes ago) | |||||
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The FINANCIAL -- Paris, France - September 28, 2011 - Sanofi announces that it has successfully priced its offering of USD 1 billion of notes denominated in US dollars, due 2014, bearing interest at an annual rate of 1.20%.
The offer was made pursuant to Sanofi’s shelf registration statement filed with the US Securities and Exchange Commission on March 15, 2010.
Sanofi intends to use the net proceeds of the offering for general corporate purposes, including the repayment of existing borrowings. BofA Merrill Lynch, Citigroup, Deutsche Bank and Natixis acted as joint-book running managers for the offering.
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