Schering-Plough Corporation 6.55% 15-SEP-2037Schering-Plough Corporation 6.55% 15-SEP-2037Schering-Plough Corporation 6.55% 15-SEP-2037

Schering-Plough Corporation 6.55% 15-SEP-2037

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Key terms


Outstanding amount
‪367.70 M‬USD
Face value
1,000.00USD
Minimum denomination
2,000.00USD
Coupon
6.55% (Fixed)
Coupon frequency
Semi-annual
Yield to maturity
5.20%
Maturity date
Sep 15, 2037
Term to maturity
12 years

About Schering-Plough Corporation 6.55% 15-SEP-2037


Issuer
Schering-Plough Corp.
Sector
Health Technology
Issue date
Sep 17, 2007
FIGI
BBG0000KF0R8
Schering-Plough Corporation is a major U.S.-based manufacturer of pharmaceuticals. It operates in three segments: Prescription Pharmaceuticals, Animal Health, and Consumer Health Care. Schering-Plough develops products targeting on allergy, cancer, hepatitis, cardiovascular, central nervous system, respiratory system, and more.  It was founded in 1851 by Ernst Christian Friedrich Schering as Schering AG in Germany. Schering-Plough manufactured several pharmaceutical drugs, the most well-known of which were the allergy drugs Claritin and Clarinex, an anti-cholesterol drug Vytorin, and a brain tumor drug Temodar. It also developed drugs targeting on central nervous system and the respiratory system. Schering Plough also owned and operated the major foot care brand name Dr. Scholl's and the skin care line Coppertone. These also became a part of the new company. Schering-Plough was a full member of the European Federation of Pharmaceutical Industries and Associations (EFPIA), a membership which is also maintained by the new Merck.
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