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Shire selling four tranche US dollar bond for Baxalta buy :lead

Reuters - UK Focus

By Mike Gambale

NEW YORK, Sept 19 (IFR) - Here is the pricing progression on

the new bond offering from drugmaker Shire (Hamburg: 3979575.HM - news) (Baa3/BBB-) to help

finance its acquisition of Baxalta (Berlin: 9BX.BE - news) , one of the banks leading the

deal told IFR.

The deal is expected to price later on Monday.

SIZE MATURITY IPTs (T+)

TBD 3yr FXD 120-125bp

TBD 5yr FXD 140-145bp

TBD 7yr FXD 160-165bp

TBD 10yr FXD 175-180bp

Active bookrunners: Bank of America Merrill Lynch, Barclays (LSE: BARC.L - news) ,

Morgan Stanley (Xetra: 885836 - news)

(Reporting by Mike Gambale; Editing by Natalie Harrison and

Marc Carnegie)