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DewDiligence

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DewDiligence

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Re: DewDiligence post# 101882

Tuesday, 03/22/2011 6:45:54 PM

Tuesday, March 22, 2011 6:45:54 PM

Post# of 257257
SNY issues $7B of dollar-denominated bonds to pay for GENZ acquisition:

http://www.reuters.com/article/2011/03/22/sanofi-aventis-debt-notes-idUSN2219588820110322

There are six tranches ranging from 1-year to 10-year maturities. The 5-year bonds pay 2.4%, and the 10-year bonds pay 4%. Why would anyone want to buy these issues?

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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