Lonza Increases Straight Bond by CHF 150 Million
Basel, Switzerland, 20 April 2023 – Lonza Swiss Finance Ltd, a wholly owned company of Lonza Group Ltd, Basel (“Lonza”), announced today the increase of the Straight Bond issued on 8 February 2023 by CHF 150 million, in line with its financing plan for 2023. The increment has the same maturity (6.5 years) and coupon (2.100%) as the initial issuance.
The issuer is Lonza Swiss Finance Ltd, Basel, and the bonds will be guaranteed by Lonza. Lonza will apply for the listing of the bonds on the SIX Swiss Exchange. The proceeds of the bonds will be used for refinancing and general corporate purposes.
Issue Size 6.5-Year Bond: CHF 150 million
Expected Payment Date: 04 May 2023
Maturity: 12 September 2029
Issue Price: 98.961 percent
Redemption Price: 100 percent
Coupon: 2.100 percent p.a.
Joint Lead Managers: Credit Suisse AG, UBS AG and Zürcher Kantonalbank