J&J: 7.5 billion dollar bond issue

(CercleFinance.com) - On Friday Johnson & Johnson announced the issue of a 7.
5 billion dollar bond to finance the acquisition of Momenta, a specialist in immune-related diseases.

The bond has six tranches, of which the two largest - those maturing in 2027 and 2030 respectively - amount to 1.5 billion dollars and 1.75 billion dollars respectively, with coupons of 0.95% and 1.3%.

In a regulatory notice, J&J stated that 6.5 billion dollars of the transaction will be used to finance the takeover of Momenta, with the remaining amount to be used to finance the company's general needs.


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