Sanofi has successfully priced a first

Sanofi with success Dear an inaugural sustainability bond indexed on access to drugs

Paris, March 312022. Sanofi successfully priced yesterday, March 30, 2022, its offering of bonds in two tranches of €1.5 billion (the “Bonds”). It includes an inaugural sustainability bond issue with a nominal amount of €650 million of bonds, linked to Sanofi’s commitment to improving access to essential medicines in low-income countries and intermediary through its nonprofit Global Health Unit. This transaction demonstrates Sanofi’s societal commitment to ensuring access to healthcare for vulnerable people around the world.

Jean-Baptiste de Chatillon
Chief Financial Officer of Sanofi
One year after pioneering sustainable finance with our sustainability-linked revolving credit facilities, we are further contributing to the development of the sustainable finance market with the successful pricing of our first sustainability-linked bond” said Jean-Baptiste de Chatillon, chief financial officer of Sanofi. “We continue to make progress in our environmental, social and governance activities which are an essential part of our strategy and integrated into our business.”

The Notes consist of two sections:

  • €850 million of fixed-rate bonds, maturing April 2025, bearing interest at an annual rate of 0.875%.
  • €650 million of fixed rate bonds, due April 2029, bearing interest at an annual rate of 1.250%. Voucher amounts are linked to the achievement of a sustainability performance target defined as the cumulative number of patients, i.e. at least 1.5 million patients, receiving essential medicines by the global health unit, for the treatment non-communicable diseases in 40 of the world’s poorest countries, between 2022 and 2026.

Sandrine Bouttier Stref
Global Head of Corporate Social Responsibility at Sanofi
Linking the cost of financing to the achievement of concrete objectives in terms of access to medicines confirms our desire to put social responsibility at the center of our ambitions..”

Sanofi’s broader social impact strategy aims to build a healthier and more resilient world by ensuring access to healthcare for the world’s poorest people and focusing on the development of cancer treatments infant. Integrated into the company’s Play to Win commercial strategy, Sanofi’s societal commitment will continue the fight against infectious diseases such as sleeping sickness and poliomyelitis, while accelerating its objectives to reduce the environmental impact of its products and its global operations. Key to addressing the global challenges facing society are its employees, who each have a role to play in building a diverse and inclusive workplace.

To become an issuer of sustainable finance instruments, Sanofi has put in place a dedicated Sustainability Bond Framework, designed as a living document to enable future bond issuances in a sustainability related format.
The Sustainability Bond Framework is aligned with the ICMA Sustainability Bond Principles (2020) and received a second-party opinion from ISS ESG.

Proceeds from the bond issue will be used for general corporate purposes.

The transaction was led by Morgan Stanley and Natixis CIB as Global Coordinators & Sustainability-Linked Structuring Advisors and Barclays, MUFG and RBC Capital Markets, all as Joint Active Bookrunners.

On Sanofi
We are an innovative global healthcare company driven by one purpose: we pursue the miracles of science to improve people’s lives. Our team, present in over 100 countries, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. We provide potentially game-changing treatment options and life-saving vaccine protection to millions of people around the world, while placing sustainability and social responsibility at the center of our ambitions.
Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY

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Sanofi forward-looking statements
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