Simpson Thacher advises Takeda?s $3 bln debt offering
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Simpson Thacher has advised the initial purchasers of Takeda Pharmaceuticals? $3 billion debt offering. Japan?s largest pharmaceutical company issued $1.5 billion in 1.031 percent unsecured dollar-denominated bonds due March 2015, and $1.5 billion in 1.625 percent bonds due March 2017. The bonds are listed on the Singapore Exchange Securities Trading.
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Takeda will use the proceeds to help repay its debt related to its acquisition of Nycomed, a European pharmaceutical company, in September 2011.
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Simpson Thacher?s Tokyo corporate partners David Sneider and Alan Cannon led the team that represented the initial purchasers.
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Nomura, JP Morgan, Morgan Stanley, Bank of America Merrill Lynch, and Citigroup were the joint bookrunners on the transaction.
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Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.
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Source: http://china.legalbusinessonline.com/news/simpson-thacher-advises-takedas-3-bln-debt-offering/108847
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