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Galenica locks in mid- and long-term financing at attractive conditions with the issuance of bonds

Tuesday, 30 May 2017

Galenica today issued fixed-interest bonds totalling CHF 380 million for the purpose of long-term financing at attractive conditions. The issue is to refinance the bridge loan granted in the course of the IPO. Galenica has taken this step in order to take advantage of the favourable capital market conditions to lock in medium and long-term financing at attractive conditions.

The bonds attracted strong demand across a broad spectrum of investors (largely institutional clients). The issue consists of two tranches: an intermediate tranche of CHF 200 million at 0.50% coupon maturing after 6 years in June 2023 and a longer tranche of
CHF 180 million at 1.00% coupon maturing after 9 ½ years in December 2026.

The banks responsible for this transaction were Credit Suisse as lead manager and bookrunner, and Zürcher Kantonalbank as lead manager. An application for admission to trading on the SIX Swiss Exchange for the bonds is being made.

Contact

Galenica Ltd.
Media
Untermattweg 8
3027 Bern

Tel. +41 58 852 85 17
Fax +41 58 852 85 58

Contact

Galenica Ltd.
Investors
Untermattweg 8
3027 Bern

Tel. +41 58 852 85 29
Fax +41 58 852 85 35