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HEALTHCARE: Takeda (TACHEM: Baa1/BBB+): Tendering And Issuing

HEALTHCARE

Takeda overnight launched a Tender offer for $1b of Shire Acquisitions and Baxalta Inc notes.

TACHEM 3.2 26  US82481LAD10
TACHEM 4% 25   US07177MAB90

  • They are launching a 4-part $Benchmark Offering:
  • 10yr IPT 125-130
  • 20yr IPT +135-140
  • 30yr IPT +145-150
  • 40yt IPT +160-165

This will be Takeda's first significant issuance since 2020.
Currently, debt profile is a very healthy 17.8yr ave life and was swapped into fixed in 2021 at super-low rates.

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