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Published on 3/1/2013 in the Prospect News Emerging Markets Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Israel's Teva Pharmaceutical calls $500 million 5.55% notes due 2016

By Tali David

Minneapolis, March 1 - Teva Pharmaceutical Industries Ltd. finance subsidiary Teva Pharmaceutical Finance Co., LLC called its roughly $500 million of 5.55% senior notes due 2016, according to a press release.

The notes will be redeemed at par plus a make-whole premium and accrued interest from Feb. 1 on March 22.

The redemption is being funded with cash on hand.

Teva is a Petach Tikva, Israel-based pharmaceutical company.


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