Smith & Nephew Raises USD1 Billion Via Issue Of Notes Due 2030

(Alliance News) - Smith & Nephew PLC on Thursday said it has priced it USD1.00 billion 2.032% ...

Alliance News 8 October, 2020 | 9:12AM
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(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; annafarley@alliancenews.com

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