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26/05/2020 | 17:45 CEST | Financial results

Sonova issues double tranche CHF 500 million bond

Stäfa (Switzerland), May 26, 2020 – Sonova Holding AG today announces that it has successfully raised CHF 500 million through a double tranche Swiss franc denominated bond issue. Payment date of both tranches is June 26, 2020. The issue was managed by Credit Suisse, UBS and Zürcher Kantonalbank. The bonds will be listed on the SIX Swiss Exchange. The issuance replaces an existing CHF 300 million bridge facility and improves the overall maturity profile of Sonova’s debt positions.

The issue comprises of the following two tranches:

 

  • CHF 200 million bond 2020-2025 with a fixed coupon of 0.50% per annum. The bond will be issued at 100.402%, and repaid on October 6, 2025.
  • CHF 300 million bond 2020-2028 with a fixed coupon of 0.75% per annum. The bond will be issued at 100.084%, and repaid on October 6, 2028.

 

Disclaimer

 

This communication is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any bonds.

 

THE BONDS MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY LAW.

 

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Media Release (PDF)