22 February 2024 07:00 GMT
AstraZeneca prices a $5bn bond offering
AstraZeneca PLC ("AstraZeneca") announces that
its wholly owned subsidiary AstraZeneca Finance LLC, priced a four
tranche global bond offering totalling $5bn on 21 February 2024.
The offering is expected to close on 26 February 2024, subject to
customary closing conditions. The transaction, which is a global
offering registered with the US Securities and Exchange Commission
("SEC"), consists of the following four tranches:
Notes issued by AstraZeneca Finance LLC and fully and
unconditionally guaranteed by AstraZeneca
·
$1.25bn of fixed rate notes with a coupon of 4.80%, maturing 26 February 2027;
·
$1.25bn of fixed rate notes with a coupon of 4.85%, maturing 26 February 2029;
·
$1.00bn of fixed rate notes with a coupon of 4.90%, maturing 26 February 2031; and
·
$1.50bn of fixed rate notes with a coupon of 5.00%, maturing 26 February 2034.
AstraZeneca expects to use the net proceeds of
the offering for general corporate purposes, which may include the
refinancing of existing indebtedness.
Barclays Capital Inc., Citigroup Global Markets
Inc., Deutsche Bank Securities Inc. and
J.P. Morgan Securities LLC acted as joint book-running
managers on the transaction. In addition, and in line
with our commitment to Inclusion & Diversity, four inclusive
and diverse firms acted as underwriters on the transaction:
Blaylock Van, LLC, Cabrera Capital Markets LLC, C.L. King &
Associates, Inc. and Stern Brothers & Co.
The notes will be issued under AstraZeneca's
effective shelf registration statement on Form F-3, which
AstraZeneca and AstraZeneca Finance LLC filed with the SEC on 24
May 2021. The offering is being made solely by means of the
prospectus contained within that shelf registration statement,
along with a prospectus supplement forming part of the effective
registration statement, which investors should read.
A copy of the prospectus supplement
and accompanying prospectus relating to the offering can be
obtained by contacting Barclays Capital Inc. by telephone at
+1-888-603-5847; Citigroup Global Markets Inc. by telephone at
+1-800-831-9146; Deutsche Bank Securities Inc. toll-free at
+1-800-503-4611; or J.P. Morgan Securities LLC collect at
+1-212-834-4533. Readers may also download these documents for free
by visiting the Electronic Data Gathering, Analysis, and Retrieval
(EDGAR) system on the SEC website at www.sec.gov.
This announcement shall not
constitute an offer to sell or the solicitation of an offer to buy
the securities described herein, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
The bond issuance does not impact
AstraZeneca's financial guidance for 2024.
AstraZeneca
AstraZeneca (LSE/STO/Nasdaq: AZN) is a global,
science-led biopharmaceutical company that focuses on the
discovery, development, and commercialisation of prescription
medicines in Oncology, Rare Diseases, and BioPharmaceuticals,
including Cardiovascular, Renal & Metabolism, and Respiratory
& Immunology. Based in Cambridge, UK, AstraZeneca operates in
over 100 countries and its innovative medicines are used by
millions of patients worldwide.
Contacts
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Investor Relations Team, please click here.
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Adrian Kemp
Company Secretary
AstraZeneca PLC