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S&P rates Novo Nordisk notes AA-
S&P said it assigned its AA- issue rating to the planned tranches of senior unsecured notes to be issued by Novo Nordisk Finance (Netherlands) BV, the wholly owned financial subsidiary of Novo Nordisk A/S.
The notes will be issued under its €5 billion euro medium-term note program and will be guaranteed by Novo Nordisk, the group's parent. The AA- issue rating is in line with the long-term issuer credit rating on Novo Nordisk.
The proceeds will be used to refinance a $1 billion drawn under a $2 billion bridge facility used for acquiring Dicerna pharmaceuticals, which was finalized on Dec. 28, for $3.3 billion, and for general corporate purposes.
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