Pfizer raises $5B in debt

Pfizer Inc. (NYSE:PFE) raised $5 billion in debt through the sale of five tranches of notes. They include $1.25 billion in 1.2% notes due 2018; $850 million in 1.45% notes due 2019; $1.15 billion in 1.95% notes due 2021; $1.25 billion in 2.75% notes due 2026; and $500 million in 4.4% notes due 2044. Underwriters are Barclays, Goldman Sachs, JPMorgan and Morgan Stanley. Pfizer expects the offering to close Friday. ...