The Swiss chemical and pharmaceutical company Lonza has issued a 10-year corporate bond with a volume of EUR 500 million and a coupon of 3.875%. The corporate bond (ISIN BE6343825251, WKN A3LH2M) was issued by Lonza Finance International NV, a 100% subsidiary of Lonza Group Ltd, Basel. The bond is guaranteed by Lonza Group. Proceeds from the bond issue will be used for refinancing and general corporate purposes. The bond will be listed on the Regulated Market of the Luxembourg Stock Exchange. Lonza is rated BBB+ by S&P. The transaction was accompanied by BNP Paribas, BofA, Citi, HSBC and JP Morgan.
Key data of the new Lonza bond:
Issuer: Lonza Finance International NV
Guarantor: Lonza Group Ltd
Coupon: 3.875%
Issue price: 99.091%
Volume: 500 million euros
ISIN: BE6343825251
WKN: A3LH2M
Duration: 05/25/2033
Settlement: 05/25/2023
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Photo: Lonza high-rise, Basel © Lonza