Pfizer Netherlands International Finance BV (PFE)

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Pfizer Netherlands International Finance BV (PFE)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	PFE	Pfizer Netherlands International Finance BV	€3,300		4	EMEA	May 15, 2025

Tranche #1Pfizer Netherlands International Finance BV

currency

EUR

size (m)

750.000

maturity

May 19, 2029

type

Fixed

tenor

4.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+105 a

ipt-pxd

guidance

MS+70 a

spread

coupon

2.875%

spread set

price

99.90300

yield

2.901%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Pfizer Netherlands International Finance BV

currency

EUR

size (m)

1,000.000

maturity

May 19, 2032

type

Fixed

tenor

7.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+130 a

ipt-pxd

guidance

MS+95 a

spread

coupon

3.250%

spread set

price

99.26300

yield

3.370%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #3Pfizer Netherlands International Finance BV

currency

EUR

size (m)

750.000

maturity

May 19, 2037

type

Fixed

tenor

12.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+160 a

ipt-pxd

guidance

MS+125 a

spread

120

coupon

3.875%

spread set

price

99.85800

yield

3.890%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #4Pfizer Netherlands International Finance BV

currency

EUR

size (m)

800.000

maturity

May 19, 2045

type

Fixed

tenor

20.000

call

registration

SEC Registered

benchmark

Swaps

ranking

Sr. Unsecured

moody's

s&p

fitch

size description

re-open/tap

ipt

MS+195 a

ipt-pxd

guidance

MS+160 a

spread

155

coupon

4.250%

spread set

price

99.47000

yield

4.290%

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

peak book (m)

x-covered

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

4 yr: Registration: SEC Registered; Comments: EUR750m 4yr cpn 2.875% at 99.903, yld 2.901%. Spread: MS+65bps. 75.0bps vs OBL #189 2.1% 04/29 @ 99.810 / HR 101%. MWC: B+15bps. Par Call: 1m. LEI: 254900YI79T8NMNA4349; 7 yr: Registration: SEC Registered; Comments: EUR1bn 7yr cpn 3.250% at 99.263, yld 3.370%. Spread: MS+90bps. 94.0bps vs DBR 0 02/32 @ 85.030 / HR 109%. MWC: B+15bps. Par Call: 3m. LEI: 254900YI79T8NMNA4349; 12 yr: Registration: SEC Registered; Comments: EUR750m 12yr cpn 3.875% at 99.858, yld 3.890%, Spread: MS+120bps. 106.4bps vs DBR 4.0% 01/37 @ 111.490 / HR 90%. MWC: B+20bps. Par Call: 3m. LEI: 254900YI79T8NMNA4349; 20 yr: Registration: SEC Registered; Comments: EUR800m 20yr cpn 4.250% at 99.470, yld 4.290%. Spread: MS+155bps. 122.1bps vs DBR 2.5% 07/44 @ 91.850 / HR 97%. MWC: B+20bps. Par Call: 6m. LEI: 254900YI79T8NMNA4349;

Deal Comments

Joint Bookrunners: GSC (B&D) (4yr/20yr), BRC(B&D) (7yr/12yr), BNP, DEU, HSB, MIZ

Guarantor(s)

Pfizer Inc

Use of Proceeds

Refinancing and general corporate purposes

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