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Takeda Sets Terms and Conditions for its 10-Year Yen Denominated Unsecured Senior Bond

October 8, 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

OSAKA, Japan, October 8, 2021 – Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) (“Takeda”) announces that it has determined the terms and conditions for the issuance of a 10-year, Yen denominated 16th unsecured senior bond (the “Bond”) in Japan. The offering is being made pursuant to Takeda’s shelf registration statement (File No. 3-Kanto 2) filed on August 31, 2021, and the shelf registration supplement (File No. 3-Kanto 2 -1) filed on October 8, 2021, the “Shelf registration documents”.

The Bond will be direct, unsecured and unsubordinated general obligations of Takeda and will have the same rank in liquidation as all of Takeda’s other unsecured and unsubordinated debt. Takeda intends to use the proceeds from the Bond offering primarily to prepay borrowings of U.S. $1,700 million that remain outstanding on a Term Loan incurred in connection with the acquisition of Shire plc in 2019 and which has an original maturity date of December 2025. The remaining bond issuance proceeds, will be used for the redemption of bonds or be deployed towards the working capital needs of Takeda.

Name of Bond

Takeda Pharmaceutical Company Limited 16th Unsecured Bonds (with Limited Inter-Bond Pari Passu Clause)

Aggregate Principal Amount to be Issued

250 billion yen

Denomination of each bond

100 million yen (a single kind)

Coupon Rate (per annum)

0.400 %

Issue Price

100% of the principal amount

Interest Payment Dates

April 14 and October 14 of each year (First interest payment date will be April 14, 2022)

Issue Date

October 14, 2021

Maturity Date

October 14, 2031


This document does not constitute an offer to sell or a solicitation of an offer to buy any securities. The securities have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Shelf registration documents.


About Takeda Pharmaceutical Company Limited
Takeda Pharmaceutical Company Limited (TSE: 4502/NYSE: TAK) is a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan, committed to discover and deliver life-transforming treatments, guided by our commitment to patients, our people and the planet. Takeda focuses its R&D efforts on four therapeutic areas: Oncology, Rare Genetics and Hematology, Neuroscience, and Gastroenterology (GI). We also make targeted R&D investments in Plasma-Derived Therapies and Vaccines. We are focusing on developing highly innovative medicines that contribute to making a difference in people’s lives by advancing the frontier of new treatment options and leveraging our enhanced collaborative R&D engine and capabilities to create a robust, modality-diverse pipeline. Our employees are committed to improving quality of life for patients and to working with our partners in health care in approximately 80 countries and regions. For more information, visit https://www.takeda.com.

 

Media Contacts:
Japanese Media
Ryoko Matsumoto
ryoko.matsumoto@takeda.com
+81 (0) 3-3278-3414

Investor Contacts:
Christopher O’Reilly
takeda.ir.contact@takeda.com
+81 (0) 3-3278-2306

Media Outside Japan
Christina Beckerman
christina.beckerman@takeda.com
+1 781-482-0831


Important Notice
For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

The product names appearing in this document are trademarks or registered trademarks owned by Takeda, or their respective owners.

Forward-Looking Statements
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