Hikma launches $500 mln five-yr bond, to price Weds -leads

April 1, 2015 12:50 PM

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DUBAI, April 1 (Reuters) - Jordan's Hikma Pharmaceuticals has launched a $500 million, five-year bond that will price later on Wednesday, a document from lead arrangers showed.

The transaction was set to price at a spread of 287.5 basis points (bps) over midswaps, which is at the tighter end of a final guidance of between 287.5 and 300 bps over midswaps set earlier in the day. This is lower than initial pricing guidance of around 300 bps over midswaps given previously.

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