Novo Nordisk Finance (Netherlands) BV (NOVOB)

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Novo Nordisk Finance (Netherlands) BV (NOVOB)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	HLTH	PRCD	NOVOB	Novo Nordisk Finance (Netherlands) BV	€6,000		5	EMEA	May 20, 2025

Tranche #1Novo Nordisk Finance (Netherlands) BV

currency

EUR

size (m)

1,400.000

maturity

May 27, 2027

type

Floating

tenor

2.000

call

registration

Reg S Only

benchmark

3mEu

ranking

Sr. Unsecured

moody's

Aa3

s&p

fitch

size description

re-open/tap

ipt

3mEu+60 a

ipt-pxd

guidance

3mEu+35 a

spread

coupon

3mEu+30

spread set

price

100.00000

yield

book size (m)

2,100

peak book (m)

x-covered

1.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,100

peak book (m)

x-covered

1.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #2Novo Nordisk Finance (Netherlands) BV

currency

EUR

size (m)

1,450.000

maturity

May 27, 2028

type

Fixed

tenor

3.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa3

s&p

fitch

size description

re-open/tap

ipt

MS+75 a

ipt-pxd

guidance

MS+45 a

spread

coupon

2.375%

spread set

price

99.70000

yield

2.480%

book size (m)

2,800

peak book (m)

x-covered

1.93

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,800

peak book (m)

x-covered

1.93

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #3Novo Nordisk Finance (Netherlands) BV

currency

EUR

size (m)

1,000.000

maturity

Aug 27, 2030

type

Fixed

tenor

5.250

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa3

s&p

fitch

size description

re-open/tap

ipt

MS+95 a

ipt-pxd

guidance

MS+70 a

spread

coupon

2.875%

spread set

price

99.80100

yield

2.918%

book size (m)

2,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,500

peak book (m)

x-covered

2.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #4Novo Nordisk Finance (Netherlands) BV

currency

EUR

size (m)

900.000

maturity

May 27, 2033

type

Fixed

tenor

8.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa3

s&p

fitch

size description

re-open/tap

ipt

MS+115 a

ipt-pxd

guidance

MS+85 a

spread

coupon

3.125%

spread set

price

99.07600

yield

3.258%

book size (m)

2,300

peak book (m)

x-covered

2.56

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

2.56

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche #5Novo Nordisk Finance (Netherlands) BV

currency

EUR

size (m)

1,250.000

maturity

May 27, 2037

type

Fixed

tenor

12.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Aa3

s&p

fitch

size description

re-open/tap

ipt

MS+135 a

ipt-pxd

guidance

MS+110 a

spread

105

coupon

3.625%

spread set

price

99.34100

yield

3.694%

book size (m)

2,800

peak book (m)

x-covered

2.24

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

2,800

peak book (m)

x-covered

2.24

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

2 yr: Book size: 2100; Registration: Reg S Only; Comments: EUR1.4bn 2yr FRN 3mEu+30bps at 100. Tax Call: 100%. Clean-Up Call: 80%. LEI: 549300X0PCJ6M2JZQW91; 3 yr: Book size: 2800; Registration: Reg S Only; Comments: EUR1.45bn 3yr cpn 2.375% at 99.700, yld 2.480%. Spread: MS+40bps. 57.6bps vs. OBL 2.2 13/04/2028 #187 (@100.825) HR: 102%. MWC: B+10bps. Par Call: 1m. Tax Call: 100%. Clean-Up Call: 80%. LEI: 549300X0PCJ6M2JZQW91; 5.25 yr: Book size: 2500; Registration: Reg S Only; Comments: EUR1bn 5.25yr cpn 2.875% at 99.801, yld 2.918%. Spread: MS+65bps. 76.7bps vs. DBR 0 15/08/2030 (@89.460) HR: 105%. MWC: B+15bps. Par Call: 3m. Tax Call: 100%. Clean-Up Call: 80%. LEI: 549300X0PCJ6M2JZQW91; 8 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR900m 8yr cpn 3.125% at 99.076, yld 3.258%. Spread: MS+80bps. 83.1bps vs. DBR 2.3 15/02/2033 (@99.110) HR: 99%. MWC: B+15bps. Par Call: 3m. Tax Call: 100%. Clean-Up Call: 80%. LEI: 549300X0PCJ6M2JZQW91; 12 yr: Book size: 2800; Registration: Reg S Only; Comments: EUR1.25bn 12yr cpn 3.625% at 99.341, yld 3.694%. Spread: MS+105bps. 93.7bps vs. DBR 4 04/01/2037 (@112.21) HR: 90%. MWC: B+15bps. Par Call: 3m. Tax Call: 100%. Clean-Up Call: 80%. LEI: 549300X0PCJ6M2JZQW91;

Deal Comments

Joint Bookrunners: BNP, BAM(B&D) (2yr, 12yr), DAN, DEU, HSB(B&D) (3yr, 5.25yr, 8yr), ING, MOS, NRD, SEB

Guarantor(s)

Novo Nordisk A/S

Use of Proceeds

Refinancing and general corporate purposes

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Novo Nordisk Finance (Netherlands) BV (NOVOB)

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