Novo Nordisk Raises €3.5bn through Multi-Tranche Bond Sale to Fund Akero Acquisition
ByAinvest
Thursday, Nov 13, 2025 4:26 am ET1min read
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Novo Nordisk is selling €3.5 billion in euro bonds to fund its acquisition of US biotech Akero Therapeutics for up to $5.2 billion. Proceeds will also go towards general corporate purposes. The bonds will have a two to 20-year maturity and be sold at various interest rates. The deal is being led by BNP Paribas, Citigroup, and Deutsche Bank.
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