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Mylan completes €500M debt offering

Mylan NV unit Mylan Inc. completed a €500 million debt offering.

The Pennsylvania-based company issued senior unsecured notes with a 2.125% interest rate per annum, maturing on May 23, 2025.

Mylan plans to use net proceeds to redeem all of its 2.55% senior notes due 2019, worth $150 million. Proceeds will also be used to redeem a portion of previously issued 2.50% senior notes due 2019.