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Funding and debt● Neutral for Sun Pharma
Sun Pharma Plans Rs 10,000 Crore Rupee Debt Sale To Refinance Organon Deal: Report
The brief
- Sun Pharma plans a ₹10,000 crore bond sale to refinance its Organon deal
- The bonds are expected to mature in two, three and four years
- The refinancing affects Sun Pharma’s borrowing costs and balance sheet
Sun Pharma’s Organon debt refinancing
Sun Pharma plans to raise about ₹10,000 crore through rupee-denominated bonds, partly to refinance a bridge loan used for its Organon acquisition. The bonds are expected to mature in two, three and four years.
Tuesday, 29 September
- Sun Pharma Plans Rs 10,000 Crore Rupee Debt Sale To Refinance Organon Deal: Report