Loan & DebtMar 30, 2026, 04:01 AM
Novartis Issues $6 Billion in Debt Securities
AI Summary
Novartis Capital Corporation, guaranteed by Novartis AG, issued $6 billion in aggregate principal amount of debt securities across various tranches with maturities ranging from 2028 to 2055. The offering includes floating rate notes and fixed-rate notes with interest rates between 3.900% and 5.300%, indicating a significant capital raise likely for general corporate purposes or refinancing existing debt.
Key Highlights
- Issued $800 million in Floating Rate Notes due 2028.
- Issued $700 million in 3.900% Notes due 2028.
- Issued $1.75 billion in 4.100% Notes due 2030.
- Issued $925 million in 4.300% Notes due 2032.
- Issued $925 million in 4.600% Notes due 2035.
- Issued $350 million in 5.200% Notes due 2045.
- Issued $550 million in 5.300% Notes due 2055.
Price Impact
More from NVS