February 3, 2009 / 8:21 PM / 10 years ago

Novartis launches $5 bln notes in 2 parts - IFR

NEW YORK, Feb 3 (Reuters) - Novartis launched $5 billion notes in a two-part sale on Tuesday, said IFR, a Thomson Reuters service.

The sale includes $2 billion in five-year notes and $3 billion in 10-year notes, both expected to yield 225 basis points over U.S. Treasuries.

The joint lead managers on the sale are Banc of America Securities, Citigroup Global Markets and JPMorgan. (Reporting by Caryn Trokie)

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