Eli Lilly Bond Issuance

Eli Lilly and Company $LLY, a renowned pharmaceutical corporation, has announced a significant issuance of six series of bonds totaling $6.5 billion. This issuance, referred to as "Notes," covers maturities from 2028 to 2065, reflecting the company's long-term strategic planning and a high level of confidence in its financial stability.

Key Features of the Bond Issue

The bond issuance includes various series with different coupon rates. Investors will have the opportunity to choose terms that best suit their needs based on maturity and yield. Here are the main characteristics of the bonds:

1. 2028 Maturity Bonds: $1 billion with a 4.550% interest rate.

2. 2030 Maturity Bonds: $1.25 billion with a 4.750% interest rate.

3. 2032 Maturity Bonds: $1 billion with a 4.900% interest rate.

4. 2035 Maturity Bonds: $1.25 billion with a 5.100% interest rate.

5. 2055 Maturity Bonds: $1.25 billion with a 5.500% interest rate.

6. 2065 Maturity Bonds: $750 million with a 5.600% interest rate.

Ratings and Organizers of the Issue

The ratings assigned to these bonds by leading agencies reinforce confidence in the issuance. The bonds received a rating of Aa3 from Moody's and A+ from S&P, both having a stable outlook. This indicates a low level of credit risk and is likely to attract both institutional and individual investors.

• The joint lead managers include: Barclays Capital Inc. $BCS, BofA Securities, Inc. $BOFA.NE, Citigroup Global Markets Inc. $C, Deutsche Bank Securities Inc. $DB, Goldman Sachs & Co. LLC. $GS.

• Co-managers of the issuance are: AmeriVet Securities, Inc., Blaylock Van, LLC., C.L. King & Associates, Inc., Loop Capital Markets LLC., Roberts & Ryan, Inc.

The bond issue by Eli Lilly, a leader in the pharmaceutical industry, demonstrates its strategic approach towards financing. With a range of maturities and coupon rates, these bonds hold the potential to attract a wide variety of investors seeking steady income. Eli Lilly's long-term financial strategies emphasize its commitment to sustainable growth and financial stability.