Exhibit 99.2
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 | | Press Release Source: Sanofi (EURONEXT: SAN) (NASDAQ: SNY) |
Sanofi successfully prices taps on outstanding bond issues for EUR 500 million
Paris – France – April 6, 2020– Sanofi (EURONEXT: SAN and NASDAQ: SNY) announces that it has successfully priced tap offerings of EUR 500 million of notes (the “Notes”) on two outstanding tranches:
| • | | €250 million fixed rate notes, increasing the total principal amount of the tranche due April 2025 bearing interest at an annual rate of 1.000% to €1 billion |
| • | | €250 million fixed rate notes, increasing the total principal amount of the tranche due April 2030 bearing interest at an annual rate of 1.500% to €1 billion |
The Notes are being issued off the company’s Euro Medium Term Note Programme.
The transactions enable the company to lower its average cost of debt and extend the average maturity of its debt.
Sanofi intends to use the net proceeds of the offerings for general corporate purposes.
Crédit Agricole CIB, HSBC, Bank of America Securities and Société Générale acted as Global Coordinators and Bookrunners for the offering
DISCLAIMER
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Notes have not been and will not be registered under the Securities Act and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act.
PROHIBITION OF SALES TO EUROPEAN ECONOMIC AREA (“EEA”) AND UNITED KINGDOM (“UK”) RETAIL INVESTORS – The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA and in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (“MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97 (as amended or superseded the “Insurance Mediation Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently no key information document required by Regulation