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Asset Backed Securities
Health Care
Pharmaceuticals
Parent Companies
Sandoz Group AG
Sandoz Finance BV
Sandoz Finance BV (SDZSW)
Deal Details
C/P
Industry
Status
Ticker(s)
Issuer(s)
Size(m)
Tranches
Region
Date
IGC
HLTH
PRCD
SDZSW
Sandoz Finance BV
€500
1
EMEA
Sep 14, 2026
Tranche #1
Sandoz Finance BV
BBG025300R57
currency
EUR
size (m)
500.000
maturity
Sep 23, 2038
type
Fixed
tenor
12.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa2
s&p
BBB
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
MS+150 area
ipt-pxd
-25
guidance
STL
spread
125
coupon
4.835%
spread set
-
price
100.00000
yield
4.835%
book size (m)
1,350
peak book (m)
1,350
x-covered
2.7
book attrition
0.00%
nic
-
billing & delivering
BAM
active leads
BAM
,
MIZ
,
SEB
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
1,350
peak book (m)
1,350
x-covered
2.7
book attrition
0.00%
nic
-
billing & delivering
BAM
active leads
BAM
,
MIZ
,
SEB
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1350; Registration: Reg S Only; Comments: DBR 1 05/15/38 @75.22 (HR 112%). Tax Call: Yes. MWC: B+20. Clean-Up Call: 80%. CoC: 100%. LEI: 213800DFA3WXJ7KC9R74;
Guarantor(s)
Sandoz Group AG
Use of Proceeds
General Corporate Purposes and/or refinancing of existing debt
Hide Details
Commentary
All Commentary
CreditFlow: End of Day (Europe IG)
Sep 14, 2026
1 to 1 of 1
Deal Flow
All Deal Flow
PRICED: Sandoz Finance B.V. €500m 12yr Sr Unsec; MS+125bp
Sep 14, 2026
ALLOCATIONS OUT: Sandoz Finance B.V. €500m 12yr Sr Unsec; MS+125bp
Sep 14, 2026
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