New Issue Notes
New Issue-Sanofi prices multi tranche deal
Borrower Sanofi
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Tranche 1
Issue Amount 750 million euro
Maturity Date September 10, 2018
Coupon 3-month Euribor +23bp
Reoffer price Par
ISIN FR0012146751
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Tranche 2
Issue Amount 1.0 billion euro
Maturity Date March 10, 2022
Coupon 1.125 pct
Reoffer price 99.737
Reoffer yield 1.162 pct
Spread 33 basis points
Underlying govt bond Over Mid-swaps, equivalent to 62.1bp
Over the 2.0 pct January 2022 DBR
ISIN FR0012146777
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Tranche 3
Issue Amount 1.25 billion euro
Maturity Date September 10, 2026
Coupon 1.75 pct
Reoffer price 98.70
Reoffer yield 1.872 pct
Spread 53 basis points
Underlying govt bond Over Mid-swaps, equivalent to 92.1bp
Over the 1.5 pct May 2024 DBR
ISIN FR0012146801
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Common terms
Payment Date September 10, 2014
Lead Manager(s) BNP Paribas, Credit Agricole CIB, Deutsche Bank,
JPMorgan, Morgan Stanley, Mitsubishi & Natixis
Ratings A1 (Moody’s)
Listing Lux
Full fees Undisclosed
Denoms (K) 100
Governing Law French
Notes Launched under issuer’s EMTN programme
Security details and RIC, when available, will be
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