TEVA 2.800% 21Jul2023 Corp (USD)

Bond Factsheet

Matured/ Called

Teva Pharmaceutical Finance Netherlands III B.V.

Indicative

Full Lot

Bid Price

99.974

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.311

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 28 Jul 2023, 12:00am

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Bond Information

Teva Pharmaceutical Finance Netherlands III B.V. operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

Bond Issuer

Teva Pharmaceutical Finance Netherlands III B.V.

Guarantor

Teva Pharmaceutical Industries Ltd

Announcement Date

18 Jul 2016

Issue Date

21 Jul 2016

Maturity Date

21 Jul 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.666

Issue / Reoffer Yield

2.852976

Coupon Type

Fixed

Annual Coupon Rate

2.800

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US88167AAD37

CUSIP

88167AAD3

Bond Currency

USD

Total Issue Size

3,000,000,000

Outstanding Issue Size

999,964,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Health Care

Bond Sub Sector

Pharmaceuticals

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ BB-

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Make Whole Call

Teva Finance may redeem the notes, in whole or in part, at any time or from time to time, on at least 20 days', but not more than 60 days', prior notice mailed to the registered address of each holder of the relevant notes, with a copy of such notice mailed to the trustee. The redemption prices will be equal to the greater of (1) 100% of the principal amount of the notes to be redeemed or (2) the sum of the present values of the Remaining Scheduled Payments (as defined below) discounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), at a rate equal to the sum of the Treasury Rate (as defined below) plus 25 basis points, in the case of the 2023 notes, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

"Treasury Rate" means, with respect to any redemption date, the rate per year equal to the semi-annual equivalent yield to maturity (computed as of the second Business Day immediately preceding such redemption date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

"Comparable Treasury Issue" means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the relevant notes.

"Comparable Treasury Price" means, with respect to any redemption date, (1) the average of the Reference Treasury Dealer Quotations for such redemption date after excluding the highest and lowest of such Reference Treasury Dealer Quotations or (2) if the Independent Investment Banker obtains fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations.

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