Basel, Switzerland, 8 April 2020 – Lonza has successfully placed its inaugural Eurobond with a coupon of 1.625 percent in the European capital market. Lonza is using the funds to refinance existing debt and for general corporate purposes.
The new Eurobond with a volume of EUR 500 million has a maturity of 7 years. The notes have been offered under a standalone Prospectus and will be listed on the Luxembourg Stock Exchange in denominations of EUR 100,000 by EUR 1,000.
Quote from Rodolfo J. Savitzky, Chief Financial Officer, Lonza:
“The Eurobond has effectively diversified Lonza's liability portfolio and has allowed access to Lonza's credit profile for an entirely new group of investors. With the successful issuance of the bond, Lonza has taken the next step in its financing strategy, following on from the inaugural S&P rating and the refinancing of its bank facilities”
Lonza's issuer ratings is currently BBB+ (Standard&Poors) with a stable outlook.
A consortium comprising of BofA Securities, Citi, Credit Suisse, HSBC and ING were mandated to place the bond as Joint Active Bookrunners. Additionally, BNP Paribas, Commerzbank, Mizuho and UBS were mandated as Joint Lead Managers.