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VERIFIEDET Finance·neutral
Sun Pharma plans $1 billion local debt sale for loan takeout, sources say
AI Summary
- ·Sun Pharma plans to raise approximately Rs 10,000 crore via rupee-denominated bonds.
- ·The funds will be used to partly refinance a bridge loan taken for the Organon acquisition.
- ·The company is expected to issue two-, three-, and four-year bonds.