Novartis Capital $3 billion notes issue

Overview:

• Novartis Capital has made a $3 billion notes issue.
• The offering consisted of $1 billion 1.80% notes due 2020, $1 billion 2.40% notes due 2022 and $1 billion 3.10% notes due 2027.
• Novartis Capital is the finance subsidiary of pharmaceutical company Novartis.
• Underwriters included Citigroup Global Markets, JPMorgan Securities, Merrill Lynch Pierce Fenner & Smith and Credit Suisse Securities.

Kurt Stumpo - Journalist