MedWatch

Novo Nordisk successfully prices Euro medium term notes worth EUR 1.3bn

The proceeds will be used for general corporate purposes, including the refinancing of a bridge loan.

Photo: Jacob Gronholt-Pedersen/REUTERS / X04292

Novo Nordisk has successfully priced EUR 1.3bn (USD 1.6bn) notes, according to a press release published on Thursday.

The notes are issued in two tranches on June 4 2021. The first tranche, with an EUR 650m aggregate principal amount, matures on June 4 2024 with a coupon of 0 percent. The second tranche will have the same aggregate principal amount, matures on June 4 2028 and has a 0.125 percent coupon.

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