Sanofi Prices $3 Billion Bond Issue

Sanofi has successfully priced a $3 billion bond issue across five tranches with varying maturities and interest rates. The tranches include $400 million fixed rate notes due November 2027 at 3.75%, $500 million floating rate notes due November 2027 at compounded SOFR plus 0.46%, $400 million fixed rate notes due November 2028 at 3.80%, $500 million floating rate notes due November 2028 at compounded SOFR plus 0.54%, and $1,200 million fixed rate notes due November 2032 at 4.20%. The proceeds will be used for general corporate purposes. The offering is part of Sanofi's shelf registration statement filed with the SEC on April 4, 2024. Barclays Capital Inc., BNP Paribas Securities Corp., and BofA Securities, Inc. acted as Global Coordinators, with several other firms as Joint Book-Running Managers.