Astra taps the bond market

12th Sep 2012 07:10

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. JH

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