Astra taps the bond market

Anglo-Swedish drugs giant AstraZeneca has tapped the bond market with an issue of notes in two tranches.

Anglo-Swedish drugs giant AstraZeneca has tapped the bond market with an issue of notes in two tranches.

The group has successfully issued $1bn of 7-year fixed rate notes with a coupon of 1.95% and $1bn of 30-year fixed rate notes with a coupon of 4%.

The proceeds of the issue will be used for debt refinancing and general corporate purposes.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

JH