Sandoz Finance BV (SDZSW)

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Sandoz Finance BV (SDZSW)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	SDZSW	Sandoz Finance BV	€600		1	EMEA	Sep 5, 2024

Tranche #1Sandoz Finance BV

currency

EUR

size (m)

600.000

maturity

Sep 12, 2029

type

Fixed

tenor

5.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+125-130

ipt-pxd

guidance

MS+105 a

spread

coupon

3.25%

spread set

price

99.46100

yield

3.369%

book size (m)

1,700

peak book (m)

x-covered

2.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

book size (m)

1,700

peak book (m)

x-covered

2.83

book attrition

nic

billing & delivering

active leads

joint leads

passive leads

co-managers

coordinating managers

Tranche Comments

5 yr: Book size: 1700; Registration: Reg S Only; Comments: EUR500m 5yr snr unsec bmk RegS. Baa2/BBB/NR. BofA(B&D)/HSBC/SG. IPTs MS+125/+130, guidance MS+105 area for 600m, launch 600m at MS+98. Final books 1.7bn (peak 1.9bn+). DBR 0% Aug-2029 @ 90.51 (HR 104%), B+132.7. FTT 3:10pm. Tax Call: Yes. Par Call: 2m. Cleanup Call: 80%. MWC: B+20;

Guarantor(s)

Sandoz Group AG

Use of Proceeds

Refinancing and general corporate purposes

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