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Novo Nordisk to issue Euro medium term notes worth up to EUR 5bn

On Friday, Denmark's largest pharmaceutical company announced the establishment of an EMTN program in which the company provides a framework for issuing unsecured notes worth billions of euros. The company states the proceeds will be put towards "general corporate purposes".

Photo: Stine Tidsvilde

The hunt for capital for general corporate purposes has led Novo Nordisk to establish a Euro Medium Term Note (EMTN) program through which it can issue unsecured notes up to an aggregated principal amount of EUR 5bn (USD 6.1m), according to a Friday press release from the firm.

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