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ARTICLE | Financial News

sanofi raises $7 billion in notes offering

March 24, 2011 12:38 AM UTC

sanofi-aventis Group (Euronext:SAN; NYSE:SNY) raised $7 billion in a note deal. The offering comprises six tranches: $1 billion of three-month LIBOR plus 0.05% notes due 2012; $1 billion in three-month LIBOR plus 0.2% notes due 2013; $750 million in three-month LIBOR plus 0.31% notes due 2014; $750 million in 1.625% notes due 2014; $1.5 billion in 2.625% notes due 2016; and $2 billion in 4% notes due 2021. BNP Paribas; BofA Merrill Lynch; JPMorgan; Societe Generale; Credit Agricole CIB; Deutsche Bank; HSBC; RBS; and Santander were joint bookrunners. ...