New Issue: Pfizer sells $1 billion 1.75% 10-year notes at Treasuries plus 53 bps

By Devika Patel

Knoxville, Tenn., Aug. 16 – Pfizer Inc. priced $1 billion of 1.75% 10-year green senior notes (Baa1/BBB+) on Monday with a spread of Treasuries plus 53 basis points, according to an FWP filed with the Securities and Exchange Commission.

The notes priced at 99.663 to yield 1.787%.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays, BofA Securities Inc. and Credit Suisse Securities (USA) LLC were the bookrunners.

Proceeds will be used for eligible green projects, including research for global public health emergencies, such as the Covid-19 pandemic.

Pfizer is a biopharmaceutical company based in New York.

Issuer:	Pfizer Inc.
Description:	Green senior notes
Amount:	$1 billion
Maturity:	Aug. 18, 2031
Bookrunners:	Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays, BofA Securities Inc. and Credit Suisse Securities (USA) LLC
Co-managers:	Academy Securities Inc., Samuel A. Ramirez & Co. Inc., Siebert Williams Shank & Co. LLC and Stern Brothers & Co.
Coupon:	1.75%
Price:	99.663
Yield:	1.787%
Spread:	Treasuries plus 53 bps
Call:	Make-whole call at Treasuries plus 10 bps until May 18, 2031, then a par call
Trade date:	Aug. 16
Settlement date:	Aug. 18
Ratings:	Moody’s: Baa1
	S&P: BBB+
Distribution:	SEC registered
Cusip:	717081FB4

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