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26 Mar 2026

Advestra Advises Novartis on USD 11.0 Billion Note Placement to Refinance Avidity Acquisition

"Advestra advised Swiss pharma Novartis on the Swiss aspects of a USD 11.0 billion note placement issued in seven tranches (six fixed‑rate, one floating‑rate). The proceeds will refinance Novartis’s acquisition of Avidity Biosciences. The Advestra team included Annette Weber, Thomas Reutter and Valérie Bayard (capital markets) and Céline Martin (tax)."

The law firm Advestra advised Swiss pharmaceutical company Novartis in the transaction. Novartis completed a USD 11.0 billion note placement issued in seven tranches (six fixed‑rate tranches and one floating‑rate tranche); the proceeds will be used to refinance the acquisition of Avidity Biosciences. The Advestra team comprised Annette Weber (capital markets), Thomas Reutter (capital markets), Valérie Bayard (capital markets) and Céline Martin (tax). The press release does not specify seniority levels.
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