TEVA 6.000% 15Apr2024 Corp (USD)

Bond Factsheet

Matured/ Called

Teva Pharmaceutical Finance Netherlands III B.V.

Indicative

Full Lot

Bid Price

99.760

Change in Bid Price

remove 0.049

Bid Yield (%)

Change in Bid Yield

Ask Price

100.222

Change in Ask Price

remove 0.007

Ask Yield (%)

Change in Ask Yield

Indicative price as of 15 Apr 2024, 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

19 Apr 2018

Issue Date

17 May 2018

Maturity Date

15 Apr 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.996165

Coupon Type

Fixed

Annual Coupon Rate

6.000

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US88167AAL52

CUSIP

88167AAL5

Bond Currency

USD

Total Issue Size

1,248,206,000

Outstanding Issue Size

955,593,000

Min. Investment Quantity (Nominal)

USD 200,000

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)

Issuer Call

The issuer may redeem the notes of any series, 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 delivered to the registered address of each holder of the relevant notes, with a copy of such notice delivered to the trustee. The redemption prices will be equal to the greater of (1) 100% of the principal amount of the series of notes to be redeemed or (2) the sum of the present values of the Remaining Scheduled Payments (as defined below) on the series of notes being redeemed discounted, on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months), using a discount rate equal to the sum of the Treasury Rate (as defined below) plus 50 basis points, in the case of the 2024 notes, and 50 basis points, in the case of the 2028 notes, plus in each case accrued and unpaid interest thereon, if any (including additional interest, if any), to, but not including, the redemption date; provided that if the issuer redeems the notes of any series on or after the applicable Par Call Date for such series, the redemption price for such notes will be equal to 100% of the aggregate principal amount of such notes being redeemed, plus accrued and unpaid interest thereon, if any (including additional interest, if any), to, but not including, the redemption date.

“Par Call Date” means (i) with respect to the 2024 notes, January 15, 2024 (the date that is three months prior to the maturity date of such notes) and (ii) with respect to the 2028 notes, December 1, 2027 (the date that is three months prior to the maturity date of such notes).

Make Whole Call

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