Sanofi successfully prices EUR 1.5 billion of bond issue

Paris, France – March 24, 2020 - Sanofi (EURONEXT: SAN and NASDAQ: SNY) announces that it has successfully priced its offering of EUR 1.5 billion of notes (the “Notes”) across 2 tranches:

• €750 million fixed rate notes, due April 2025, bearing interest at an annual rate of 1.000 %
• €750 million fixed rate notes, due April 2030, bearing interest at an annual rate of 1.500%.

The Notes are being issued off the company's Euro Medium Term Note Programme.

The transaction enables the company to lower its average cost of debt and extend the average maturity of its debt.

Sanofi intends to use the net proceeds of the offering for general corporate purposes.

BofA Securities, Crédit Agricole CIB, HSBC and Société Générale acted as Global Coordinators and Bookrunners for the offering.