German pharmaceutical company Stada Arzneimittel AG (SAZ.XE) said Wednesday it has placed a bond with a five-year term.

MAIN FACTS:

- The bond has a volume of 350 million euros ($453 million) and an annual interest rate of 2.25%.

- The issue price is 99.417%.

- Stada intends to use the proceeds from the issue for general financing purposes.

- The bond was placed with institutional and private investors in more than seven countries.

- Joint lead managers for this transaction are Commerzbank AG (CBK.XE), Deutsche Bank AG (DB), DZ Bank AG and Landesbank Hessen-Thueringen Girozentrale.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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