Galderma debuts on euro and CHF bond markets

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Galderma has completed its inaugural EUR 500 million bond issuance as well as CHF 435 million dual-tranche bond placement.

Galderma made its Eurobond market debut with a EUR 500 million issuance maturing in 2030 and carrying a 3.5% coupon. The bonds were issued by Galderma Finance Europe B.V. and guaranteed by Galderma Group. BNP Paribas, Mizuho, J.P. Morgan and Santander Corporate & Investment Banking acted as active joint bookrunners, while Commerzbank, ING and RBC Capital Markets participated as passive joint bookrunners.

In parallel, Galderma placed CHF bonds in two tranches. The first tranche amounts to CHF 190 million, with a 2029 maturity and a coupon of 1.4025%. The second tranche totals CHF 245 million, with a 2033 maturity and a coupon of 1.8098%. Both tranches were issued by Galderma Holding and guaranteed by Galderma Group. BNP Paribas (Suisse), and UBS acted as joint lead managers for the Swiss franc issuance.

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