Friday, 20 July 2012

Simpson Thacher advises Takeda?s $3 bln debt offering

Simpson Thacher advises Takeda?s $3 bln debt offering

By Kanishk Verghese | Thursday, 19 July 2012

?

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.

?

Takeda will use the proceeds to help repay its debt related to its acquisition of Nycomed, a European pharmaceutical company, in September 2011.

?

Simpson Thacher?s Tokyo corporate partners David Sneider and Alan Cannon led the team that represented the initial purchasers.

?

Nomura, JP Morgan, Morgan Stanley, Bank of America Merrill Lynch, and Citigroup were the joint bookrunners on the transaction.

?

Kanishk Verghese is North Asia journalist at ALB. Follow us on Twitter: @ALB_Magazine.

?

Other related stories:

?

Source: http://china.legalbusinessonline.com/news/simpson-thacher-advises-takedas-3-bln-debt-offering/108847

no child left behind neurofibromatosis steve jobs fbi file suge knight obama birth control mortgage settlement macauly culkin

No comments:

Post a Comment