Takeda Sets Terms and Conditions for its 10-Year Yen Denominated Unsecured Senior Bond

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

OSAKA, Japan, October 8, 2021 – Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) (“Takeda”) announces that it has determined the terms and conditions for the issuance of a 10-year, Yen denominated 16th unsecured senior bond (the “Bond”) in Japan. The offering is being made pursuant to Takeda’s shelf registration statement (File No. 3-Kanto 2) filed on August 31, 2021, and the shelf registration supplement (File No. 3-Kanto 2 -1) filed on October 8, 2021, the “Shelf registration documents”.

The Bond will be direct, unsecured and unsubordinated general obligations of Takeda and will have the same rank in liquidation as all of Takeda’s other unsecured and unsubordinated debt. Takeda intends to use the proceeds from the Bond offering primarily to prepay borrowings of U.S. $1,700 million that remain outstanding on a Term Loan incurred in connection with the acquisition of Shire plc in 2019 and which has an original maturity date of December 2025. The remaining bond issuance proceeds, will be used for the redemption of bonds or be deployed towards the working capital needs of Takeda.

Name of Bond	Takeda Pharmaceutical Company Limited 16th Unsecured Bonds (with Limited Inter-Bond Pari Passu Clause)
Aggregate Principal Amount to be Issued	250 billion yen
Denomination of each bond	100 million yen (a single kind)
Coupon Rate (per annum)	0.400 %
Issue Price	100% of the principal amount
Interest Payment Dates	April 14 and October 14 of each year (First interest payment date will be April 14, 2022)
Issue Date	October 14, 2021
Maturity Date	October 14, 2031

This document does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Shelf registration documents.


About Takeda Pharmaceutical Company Limited
Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetics and Hematology, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people’s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries and regions. For more information, visit https://www.takeda.com.

 

Media Contacts:
Japanese Media
Ryoko Matsumoto
[email protected]
+81 (0) 3-3278-3414

Investor Contacts:
Christopher O’Reilly
[email protected]
+81 (0) 3-3278-2306

Media Outside Japan
Christina Beckerman
[email protected]
+1 781-482-0831


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