LONDON (Alliance News) - Hikma Pharmaceuticals PLC on Wednesday said it has mandated a group of banks to handle an upcoming US dollar-denominated bond issue.
Hikma, which was promoted to the FTSE 100 on Monday, said it has mandated Citigroup, Barclays, HSBC and National Bank of Abu Dhabi to start arranging fixed income investor meetings in Europe and the Middle East.
The company said a US dollar-denominated benchmark deal may follow, subject to market conditions. It did not provide any indication about the size of the issue.
Hikma shares were up 0.8% to 2,198.00 pence Wednesday, one of the best performers in the FTSE 100.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Hikma Pharmaceuticals (HIK)