Media - Sonova News Room

Sonova successfully issues triple tranche CHF 760 million bond

Stäfa (Switzerland), September 29, 2016 – Sonova Holding AG today announces that it has successfully raised CHF 760 million through a triple tranche Swiss franc denominated bond issue. Payment date of all three tranches is October 11, 2016. The issue was managed by UBS and Zürcher Kantonalbank. The bonds will be listed on the SIX Swiss Exchange. The proceeds of the bond will be used to finance the acquisition of AudioNova, which was completed in September, 2016.

The issue comprises of the following three tranches:

 

  • CHF 150 million bond 2016-2018 with a floating interest rate based on 3-month CHF LIBOR plus 0.50% per annum, paid quarterly. There is a minimum interest rate of 0.00% and a maximum interest rate of 0.05%. The first interest payment will be made on January 11, 2017 and the final interest payment, along with principal, on October 11, 2018. The bond was issued at 100.40%.
  • CHF 250 million bond 2016-2019 with a fixed coupon of 0.00% per annum. The bond was issued at 100.15%, and will be repaid on October 11, 2019.
  • CHF 360 million bond 2016-2021 with a fixed coupon of 0.01% per annum. The interest payments will be due on an annual basis, starting October 11, 2017. The bond was issued at 100.00% and will be repaid along with the final interest amount on October 11, 2021.

 

 

Disclaimer

 

Persons requiring advice should consult an independent adviser.

 

This communication does not constitute a prospectus within the meaning of articles 652a or 1156 of the Swiss Code of Obligations or a listing prospectus pursuant to the listing rules of the SIX Swiss Exchange. This communication is for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any bonds.

 

THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES; SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR EXEMPTION FROM REGISTRATION.

 

 

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