Sandoz successfully placed EUR bonds and CHF bonds. The EUR bonds were issued in one single tranche in the aggregate principal amount of EUR 500 million by Sandoz Finance B.V. and guaranteed by Sandoz Group AG. Citigroup Global Markets Europe AG, HSBC Continental Europe and Société Générale were acting as joint lead managers, while BofA Securities Europe SA, Mizuho Securities Europe GmbH and Skandinaviska Enskilda Banken AB (publ) were acting as passive joint lead managers.
The CHF bonds were issued in two tranches in the aggregate amounts of CHF 165 million and CHF 235 million, respectively. The CHF 165 million tranche will mature in 2028, while the CHF 235 million tranche will be repayable in 2033. The CHF bonds were issued directly by Sandoz Group AG. The banking syndicate consisted of BNP Paribas (Suisse) SA, Deutsche Bank Aktiengesellschaft, acting through Deutsche Bank AG Zurich Branch and UBS AG.
Advestra acted as legal counsel to Sandoz. The team included Annette Weber, Mariëlle van Nimwegen, Valérie Bayard and Jana Wildberger (all Capital Markets) as well as Céline Martin (Tax).