The longest portion of the seven-part deal is a 30-year security, which yields 1.4 percentage points above Treasuries, after initial discussions of around 1.65 percentage points, according to a person with knowledge of the matter, who asked not to be identified as the details are private.
All of the maturities, except for the seven- and 30-year tranches, have what’s known as a special mandatory redemption clauses, which allows Gilead to buy ...
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