Sanofi raises €2B via bond issue

Sanofi raised €2 billion ($2.2 billion) through the sale of fixed rate notes. Underwriters were BofA Merrill Lynch, Natixis, ING and Santander.

The bonds were broken into three tranches. The first set is due March 2022 and bear no interest; the second set is due March 2029 and bear 0.875% interest; and the final tranche of bonds is due March 2034 and bear 1.25% interest...