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Bonds
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aria-hidden="true" class="MuiBreadcrumbs-separator css-1wuw8dw-MuiBreadcrumbs-separator"><svg class="MuiSvgIcon-root MuiSvgIcon-fontSizeSmall css-ead8px-MuiSvgIcon-root" focusable="false" aria-hidden="true" viewBox="0 0 24 24" data-testid="NavigateNextIcon"><path d="M10 6 8.59 7.41 13.17 12l-4.58 4.59L10 18l6-6z"></path></svg></li><li class="MuiBreadcrumbs-li"><a color="inherit" class="css-14aisoc" data-discover="true" href="/en/investors/sanofi-share-and-adrs" target="_self">Shares, ADRs and Bonds</a></li><li aria-hidden="true" class="MuiBreadcrumbs-separator css-1wuw8dw-MuiBreadcrumbs-separator"><svg class="MuiSvgIcon-root MuiSvgIcon-fontSizeSmall css-ead8px-MuiSvgIcon-root" focusable="false" aria-hidden="true" viewBox="0 0 24 24" data-testid="NavigateNextIcon"><path d="M10 6 8.59 7.41 13.17 12l-4.58 4.59L10 18l6-6z"></path></svg></li><li class="MuiBreadcrumbs-li"><span class="MuiTypography-root MuiTypography-body2 css-1boheuq-MuiTypography-root">Bonds</span></li></ol></nav></div><div class="MuiStack-root css-j9j92j-MuiStack-root" id="top"><div class="dotcom-hero-banner MuiBox-root css-7vsjpe"><div class="MuiBox-root css-0"><div class="MuiBox-root css-0"><div class="MuiContainer-root MuiContainer-maxWidthDesktop css-10rfme0-MuiContainer-root"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-column css-1qgmfta-MuiGrid2-root"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-689yzq-MuiGrid2-root"><h1 class="MuiTypography-root MuiTypography-h1 css-1hnspsh-MuiTypography-root">Bonds</h1><div class="MuiTypography-root MuiTypography-body0 css-1qhgvvn-MuiTypography-root">COMPANY OVERVIEW</div></div></div></div></div></div></div></div><div class="MuiContainer-root MuiContainer-maxWidthDesktop css-1f4kha5-MuiContainer-root"><div class="MuiStack-root css-u69w57-MuiStack-root" id="main"><div class="dotcom-content-block MuiBox-root css-gei8j6"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="f630e9bb-fe0c-4fc6-a0ab-5e3f3e2b7ddc"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h2 class="MuiTypography-root MuiTypography-h2 css-1te8woh-MuiTypography-root">At a glance</h2></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root">December 31, 2024: net debt of €8,772 million (gross debt of €16,137 million after derivatives minus cash and cash equivalent of €7,365 million after derivatives)</p> <p class="MuiTypography-root MuiTypography-body1 css-sqijso-MuiTypography-root"><em>Net debt is a non-GAAP measure<br/> Gearing ratio: Debt, net of cash and cash equivalents, to total equity</em></p> </div></div></div></div><div class="dotcom-illustration MuiBox-root css-jqikz1" id="4461fc59-419f-4da2-afc3-32c64ff1a3e1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="4461fc59-419f-4da2-afc3-32c64ff1a3e1"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-12 css-epopls-MuiGrid2-root"><div class="css-ak4462"><img src="/optim/dotcom/pages/images/investor-relations/bonds/en/Design-sans-titre-37_20250306175532.png?size=orig" alt="gearing ratio infographic" loading="lazy" class="css-prx9mq"/></div></div></div></div><div class="dotcom-table MuiBox-root css-jqikz1"><style> .force-show-scrollbars { margin-right: -7px; } .force-show-scrollbars::-webkit-scrollbar { -webkit-appearance: none; width: 7px; height: 7px; } .force-show-scrollbars::-webkit-scrollbar-thumb { border-radius: 4px; background-color: rgba(60, 33, 123,1); -webkit-box-shadow: 0 0 1px rgba(255,255,255,.5); } </style><div class="force-show-scrollbars MuiBox-root css-tl9ws2" id="6d008acc-a26a-47f3-b0e7-124cca133bd6"><div class="MuiBox-root css-0"><table class="css-1irt20z"><thead class="css-1yj2r6c"><tr><th class="css-1d7r5td">€ MILLION</th><th class="css-1ydkgkk">2024</th><th class="css-1ydkgkk">2023</th><th class="css-1ydkgkk">2022</th></tr></thead><tbody><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Long-term debt</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">11 791</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">14 347</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">14 857</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Short-term debt and current portion of long-term debt</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">4 209</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">2 045</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">4 174</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Interest rate and currency derivatives used to hedge debt</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">137</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">139</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">187</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Total debt</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">16 137</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">16 531</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">19 218</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Cash and cash equivalents</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">-7 441</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">-8 710</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">-12 736</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Interest rate and currency derivatives used to manage cash and cash equivalents</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">76</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">-28</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">-45</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Net debt*</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">8 772</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">7 793</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">6 437</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Total equity</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">77 857</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">74 353</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">75 152</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Gearing ratio</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">11.3%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">10.5%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">8.6%</div></td></tr></tbody></table></div></div></div><div class="dotcom-content-block MuiBox-root css-jqikz1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="304b11ae-0c4d-4897-b554-7c699a4203c4"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root"><em>*With effect from January 1, 2019, the first-time application of IFRS 16 means that lease liabilities are not included in net debt.</em></p> </div></div></div></div><div class="dotcom-content-block MuiBox-root css-jqikz1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="ad29be08-cac4-4605-8026-b57e24e59da1"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h2 class="MuiTypography-root MuiTypography-h2 css-1te8woh-MuiTypography-root">Gross debt structure at value on redemption as of December 31, 2024</h2></div></div></div><div class="dotcom-illustration MuiBox-root css-jqikz1" id="2f08208f-7e0d-4d4c-88a2-8fe3897290c4"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="2f08208f-7e0d-4d4c-88a2-8fe3897290c4"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-12 css-epopls-MuiGrid2-root"><div class="css-xq9q66"><img src="/optim/dotcom/pages/images/investor-relations/bonds/en/gross-debt-graph_20250306133833.jpg?size=orig" alt="Gross debt by origin and by maturity" loading="lazy" class="css-prx9mq"/></div></div></div></div><div class="dotcom-illustration MuiBox-root css-jqikz1" id="fb78c2f0-74a1-43ea-8083-946e532802a4"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="fb78c2f0-74a1-43ea-8083-946e532802a4"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-12 css-epopls-MuiGrid2-root"><div class="css-pnfitb"><img src="/optim/dotcom/pages/images/investor-relations/bonds/en/gross-debt-cash_20250306135239.jpg?size=orig" alt="" loading="lazy" class="css-prx9mq"/></div></div></div></div><div class="dotcom-content-block MuiBox-root css-jqikz1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="59b4ad77-31a1-486a-b5b2-b888a92869ef"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h2 class="MuiTypography-root MuiTypography-h2 css-1te8woh-MuiTypography-root">Credit ratings</h2></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root">Credit ratings assess the credit worthiness of the Company and its ability to pay its debt.<br/> Sanofi is followed by three credit rating agencies:</p> </div></div></div></div><div class="dotcom-table MuiBox-root css-jqikz1"><style> .force-show-scrollbars { margin-right: -7px; } .force-show-scrollbars::-webkit-scrollbar { -webkit-appearance: none; width: 7px; height: 7px; } .force-show-scrollbars::-webkit-scrollbar-thumb { border-radius: 4px; background-color: rgba(60, 33, 123,1); -webkit-box-shadow: 0 0 1px rgba(255,255,255,.5); } </style><div class="force-show-scrollbars MuiBox-root css-tl9ws2" id="6bacebba-e75e-43d0-8255-ba6cd045fd2a"><div class="MuiBox-root css-0"><table class="css-1irt20z"><thead class="css-1yj2r6c"><tr><th class="css-18o76bi"></th><th class="css-1k9aur2">MOODY’S</th><th class="css-1k9aur2">STANDARD & POOR’S</th><th class="css-1k9aur2">SCOPE RATINGS</th></tr></thead><tbody><tr><td class="css-11lmpaf"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Analyst</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Francesco Bozzano </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Nicolas Baudouin</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Azza Chammem</div></td></tr><tr><td class="css-11lmpaf"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Short-term rating</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">P-1</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">A-1+</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">S-1+</div></td></tr><tr><td class="css-11lmpaf"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Long-term rating</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">A1 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">AA</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">AA</div></td></tr><tr><td class="css-11lmpaf"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Outlook</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Positive</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Stable</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Stable</div></td></tr><tr><td class="css-11lmpaf"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Last update</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 29, 2024</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 23, 2024</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">December 06, 2024</div></td></tr></tbody></table></div></div></div><div class="dotcom-content-block MuiBox-root css-jqikz1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="9b7bc3c0-67a5-4bbb-9c1d-40b8437a5a6e"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h2 class="MuiTypography-root MuiTypography-h2 css-1te8woh-MuiTypography-root">Financing instruments</h2></div></div></div><div class="dotcom-content-block MuiBox-root css-lrshh1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="1d60d985-a2a5-4f3c-88de-c57a56e9123e"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h3 class="MuiTypography-root MuiTypography-h3 css-10ok94z-MuiTypography-root">Public debt programs</h3></div></div></div><div class="dotcom-link-list MuiBox-root css-2pk4zw"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-16ocnpw-MuiGrid2-root" id="ca53c8f2-402c-4b6e-b3e2-e326d2e34e44"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><h4 class="MuiTypography-root MuiTypography-h4 css-22jgg4-MuiTypography-root">EMTN Euro Medium Term Note (EMTN)</h4></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root">Program size : €25 billion<br/> Implemented in June 28, 2023</p> <ul class="MuiTypography-root MuiTypography-body1 css-sqijso-MuiTypography-root"> </ul> </div></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/Sanofi_EMTN-programme_2024-1st-supplement---Approved-25-056.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2024 EMTN Program – Supplement #1</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/2024-05-23---Sanofi-2024-EMTN-Update-Base-Prospectus--with-AMF-visa-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2024 EMTN Program – Base Prospectus</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2023-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2023 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path 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aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2021-supplement-1.pdf" 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352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2020-supplement-1.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2020 EMTN Program - Supplement #1</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2020-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2020 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2019-supplement-1.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2019 EMTN Program - Supplement #1 </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2019-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2019 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 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0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2018-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2018 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2017-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2017 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2016-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2016 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2015-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2015 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2014-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2014 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/base-prospectus/sanofi-update-2013-base-prospectus.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2013 EMTN Program - Base Prospectus </span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div></div></div><div class="dotcom-link-list MuiBox-root css-2pk4zw"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-16ocnpw-MuiGrid2-root" id="91e816d9-911e-4061-b31b-306d3bbf1afe"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><h4 class="MuiTypography-root MuiTypography-h4 css-22jgg4-MuiTypography-root">SEC Shelf Registered</h4></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root">Program size : Not specified<br/> Implemented in April 04, 2024</p> </div></div></div></div><div class="dotcom-link-list MuiBox-root css-2pk4zw"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-16ocnpw-MuiGrid2-root" id="6ced6eca-8cbe-4d82-a2ef-8255a942e1a7"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><h4 class="MuiTypography-root MuiTypography-h4 css-22jgg4-MuiTypography-root">NeuCP Program (Negotiable European Commercial Papers)</h4></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root">Program size : €6 billion<br/> Implemented on June 07, 2024</p> <p class="MuiTypography-root MuiTypography-body1 css-sqijso-MuiTypography-root"> </p> </div></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/2024-06-07-Information-Memorandum.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2024 Information Memorandum – June 07, 2024</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/20230627-information-memorandum-final-sent-to-bdf-with-sanofi-cachet.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2023 Information Memorandum – June 27, 2023</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/20220614-information-memorandum.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">2022 Information Memorandum – June 14, 2022</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div></div></div><div class="dotcom-content-block MuiBox-root css-2pk4zw"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="39e16152-aaa7-4fbe-ac97-fa59ed8710b7"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h4 class="MuiTypography-root MuiTypography-h4 css-22jgg4-MuiTypography-root">USCP Program (US Commercial Papers)</h4></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root">Program size : $10 billion<br/> Implemented in December 22, 2004</p> </div></div></div></div><div class="dotcom-content-block MuiBox-root css-lrshh1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="7b49467e-8ec3-48bd-9f61-ab3a2c217344"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h3 class="MuiTypography-root MuiTypography-h3 css-10ok94z-MuiTypography-root">Outstanding bonds</h3></div></div></div><div class="dotcom-table MuiBox-root css-jqikz1"><style> .force-show-scrollbars { margin-right: -7px; } .force-show-scrollbars::-webkit-scrollbar { -webkit-appearance: none; width: 7px; height: 7px; } .force-show-scrollbars::-webkit-scrollbar-thumb { border-radius: 4px; background-color: rgba(60, 33, 123,1); -webkit-box-shadow: 0 0 1px rgba(255,255,255,.5); } </style><div class="force-show-scrollbars MuiBox-root css-tl9ws2" id="dbca4b7b-880a-4ff6-be0c-09fae02e2b95"><div class="MuiBox-root css-0"><table class="css-1irt20z"><thead class="css-1yj2r6c"><tr><th class="css-8q8m9c">ISSUANCE DATE</th><th class="css-1k9aur2">OUTSTANDING AMOUNT</th><th class="css-1k9aur2">MATURITY</th><th class="css-1k9aur2">COUPON</th><th class="css-1k9aur2">ISIN CODE</th><th class="css-1k9aur2">CORRESPONDING PROGRAM</th></tr></thead><tbody><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">September 10, 2014 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 1,510,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">September 10, 2026 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,750%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0012146801</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">September 22, 2015</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 750,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">September 22, 2025</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,500%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0012969038</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 5, 2016</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 700,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 5, 2028</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,125%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013144003</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">September 13, 2016 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 1,150,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">January 13, 2027 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">0,500%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013201639</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2018</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 1,500,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2026</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,000%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013324340</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2018</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 2,000,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2030</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,375%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013324357</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2018 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 1,250,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2038</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,875%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013324373</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">June 19, 2018 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">USD 1,000,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">June 19, 2028</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">3,625%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">US801060AD60</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">SEC REGISTERED</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2019 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 650,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2029</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">0,875%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013409844</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2019</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 500,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 21, 2034</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,250%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013409851</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 30, 2020 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 1,000,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 1, 2030</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,500%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013505112</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 30, 2020 </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 1,000,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 1, 2025</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,000% </div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0013505104</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 6, 2022</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 850,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 6, 2025</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">0,875%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0014009KS6</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Standalone Prospectus</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 6, 2022</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 650,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">April 6, 2029</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">1,250%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR0014009KQ0</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">Standalone Prospectus</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 11, 2025</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 850,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 11, 2027</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">ЕЗМ +0.30%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR001400Y1H8</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 11, 2025</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 650,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 11, 2031</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">2.750%</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">FR001400Y116</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EMTN</div></td></tr></tbody></table></div></div></div><div class="dotcom-content-block MuiBox-root css-2pk4zw"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="8d20a263-31bc-45f1-8076-bd2fbc56b85f"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><div><p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root"><em>Notes:</em></p> <ul class="MuiTypography-root MuiTypography-body1 css-sqijso-MuiTypography-root"> <li class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root"> <p class="MuiTypography-root MuiTypography-body1 css-1h3p22q-MuiTypography-root"><em>Private placements are not included in this list</em></p> </li> <li class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root"><em>Before derivative instruments</em></li> </ul> </div></div></div></div><div class="dotcom-link-list MuiBox-root css-2pk4zw"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-16ocnpw-MuiGrid2-root" id="d68d0163-abd7-4e81-90ac-8eff6721e1db"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-12 MuiGrid2-grid-tablet-8 MuiGrid2-grid-mobile-4 css-epopls-MuiGrid2-root"><h4 class="MuiTypography-root MuiTypography-h4 css-22jgg4-MuiTypography-root">Documentation</h4></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0012146801--EUR-1.51bn-1-750--Notes-due-Sept-2026-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €1,510m Notes due Sept-2026 (FR0012146801)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0012969038--EUR-0.75bn-1-500--Notes-due-Sept-2025-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €750m Notes due Sept-2025 (FR0012969038)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013144003--EUR-0.7bn-1-125--Notes-due-Apr-2028-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €700m Notes due Apr-2028 (FR0013144003)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013201639--EUR-1.15bn-0-500--Notes-due-Jan-2027-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €1,150m Notes due Jan-2027 (FR0013201639)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013324340--EUR-1.5bn-1-000--Notes-due-Mar-2026-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €1,500m Notes due Mar-2026 (FR0013324340)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013324357--EUR-2.0bn-1-375--Notes-due-Mar-2030-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €2,000m Notes due Mar-2030 (FR0013324357)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013324373--EUR-1.25bn-1-875--Notes-due-Mar-2038-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €1,250m Notes due Mar-2038 (FR0013324373)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---US801060AD60--USD1.0bn-3-625--Notes-due-Jun-2028-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - $1,000m Notes due Jun-2028 (US801060AD60)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013409844--EUR-0.65bn-0-875--Notes-due-Mar-2029-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €650m Notes due Mar-2029 (FR0013409844)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013409851--EUR-0.5bn-1-250--Notes-due-Mar-2034-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €500m Notes due Mar-2034 (FR0013409851)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013505112--EUR-1.0bn-1-500--Notes-due-Apr-2030-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €1,000m Notes due Apr-2030 (FR0013505112)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR0013505104--EUR-1.0bn-1-000--Notes-due-Apr-2025-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €1,000m Notes due Apr-2025 (FR0013505104)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/standalone-prospectus/Standalone-Prospectus---FR0014009KS6--EUR-0.85bn-0-875--Notes-due-Apr-2025-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Standalone Prospectus - €850m Notes due Apr-2025 (FR0014009KS6)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/standalone-prospectus/Standalone-Prospectus---FR0014009KQ0--EUR-0.65bn-1-250--Notes-due-Apr-2029-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Standalone Prospectus - €650m Notes due Apr-2029 (FR0014009KQ0)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR001400Y1I6--EUR-0.65bn-2-750--Notes-due-Mar-2031-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €650m Notes due Mar-2031 (FR001400Y1I6)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-desktop-4 MuiGrid2-grid-tablet-4 MuiGrid2-grid-mobile-4 css-38kuj0-MuiGrid2-root"><a class="elements-ds-dgpxh5" target="_blank" href="/assets/dotcom/pages/docs/investor-relations/fixed-income/final-terms/Final-Terms---FR001400Y1H8--EUR-0.85bn-E3M-0.30--Notes-due-Mar-2027-.pdf" style="display:flex;justify-content:space-between;width:100%;border:1px solid #c9c9c9;border-radius:8px;padding:24px" icon="fasDownload"><span style="margin-inline-end:0">Final terms - €850m Notes due Mar-2027 (FR001400Y1H8)</span><svg aria-hidden="true" focusable="false" data-prefix="fas" data-icon="download" class="svg-inline--fa fa-download elements-ds-1i9a2yw" role="img" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512"><path fill="currentColor" d="M288 32c0-17.7-14.3-32-32-32s-32 14.3-32 32V274.7l-73.4-73.4c-12.5-12.5-32.8-12.5-45.3 0s-12.5 32.8 0 45.3l128 128c12.5 12.5 32.8 12.5 45.3 0l128-128c12.5-12.5 12.5-32.8 0-45.3s-32.8-12.5-45.3 0L288 274.7V32zM64 352c-35.3 0-64 28.7-64 64v32c0 35.3 28.7 64 64 64H448c35.3 0 64-28.7 64-64V416c0-35.3-28.7-64-64-64H346.5l-45.3 45.3c-25 25-65.5 25-90.5 0L165.5 352H64zm368 56a24 24 0 1 1 0 48 24 24 0 1 1 0-48z"></path></svg></a></div></div></div><div class="dotcom-table MuiBox-root css-lrshh1"><style> .force-show-scrollbars { margin-right: -7px; } .force-show-scrollbars::-webkit-scrollbar { -webkit-appearance: none; width: 7px; height: 7px; } .force-show-scrollbars::-webkit-scrollbar-thumb { border-radius: 4px; background-color: rgba(60, 33, 123,1); -webkit-box-shadow: 0 0 1px rgba(255,255,255,.5); } </style><div class="force-show-scrollbars MuiBox-root css-tl9ws2" id="6c9017c6-ab6c-4c17-b88f-fe760f636b3b"><div class="MuiBox-root css-0"><table class="css-1irt20z"><caption class="MuiTypography-root MuiTypography-h3 css-1ecg9t1-MuiTypography-root">Syndicated credit lines</caption><thead class="css-1yj2r6c"><tr><th class="css-8q8m9c">SIZE</th><th class="css-1k9aur2">MATURITY</th></tr></thead><tbody><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 4,000,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">December 6, 2027 </div></td></tr><tr><td class="css-19vzcj7"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">EUR 4,000,000,000</div></td><td class="css-1eylwcq"><div class="MuiTypography-root MuiTypography-body1 css-1ubkcfk-MuiTypography-root">March 6, 2030</div></td></tr></tbody></table></div></div></div><div class="dotcom-content-block MuiBox-root css-jqikz1"><div class="MuiGrid2-root MuiGrid2-container MuiGrid2-direction-xs-row css-cr2kt9-MuiGrid2-root" id="01cb7fc1-41fb-4270-b0ff-dd44c5c688e7"><div class="MuiGrid2-root MuiGrid2-direction-xs-row MuiGrid2-grid-mobile-4 MuiGrid2-grid-tablet-8 MuiGrid2-grid-desktop-8 css-c8gmj9-MuiGrid2-root"><h2 class="MuiTypography-root MuiTypography-h2 css-1te8woh-MuiTypography-root">Sustainable Finance</h2></div></div></div><div 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