8th Oct 2020 09:12
(Alliance News) - Smith & Nephew PLC on Thursday said it has priced it USD1.00 billion 2.032% notes due 2030, proceeds from which will be used for general corporate purposes.
The London-based medical technology company said BofA Securities Inc and JP Morgan Securities LLC will act as joint bookrunning managers for this offering, which will be made under Smith & Nephew's existing effective shelf registration statement.
Shares in Smith & Nephew were down 0.2% at 1,517.00 pence in London on Thursday morning.
On Monday, Moody's Investors Service assigned a Baa2 first time long-term issuer rating to the company, with the outlook on the rating reported as stable.
By Anna Farley; [email protected]
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