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On 21 November 2023, following its spin-off from Novartis on 4 October 2023, Sandoz, a global leader in the generics and biosimilars markets successfully placed EUR 2.0 billion senior guaranteed Eurobonds and CHF 750 million senior bonds. The Eurobonds are issued in three tranches with EUR 700 million 3.97% bonds due 2027, EUR 700 million 4.22% bonds due 2030 and EUR 600 million 4.50% bonds due 2033 whereas the CHF bonds were issued in two tranches with CHF 400 million 2.125% bonds due in 2026 and CHF 350 million 2.600% bonds due in 2031. The Eurobonds are issued by Sandoz Finance…

On 6 October 2023 UBS Switzerland Ltd has established a CHF 20 billion program for the issuance of Covered Bonds issued by UBS Switzerland Ltd and guaranteed by UBS Hypotheken Schweiz Ltd. The Covered Bonds issued under the program will be indirectly backed by a portfolio of mortgages from UBS Switzerland Ltd’s domestic mortgage pool.

On 11 December 2023, ams Osram, which is listed on the SIX Swiss Exchange, completed a rights issue with proceeds of approximately CHF [775] million. ams OSRAM intends to use the proceeds to redeem its outstanding senior notes. The rights issue consisted of a rights offering to existing shareholders, subject to certain limitations based on residency, and an international offering, in which the offered shares in respect of which rights have not been validly exercised were sold to institutional investors or otherwise in the market. UBS, HSBC and Morgan Stanley acted as Joint Global Coordinators in this transaction.]

PureGym successfully completed the offering of EUR 380 million 8.250% senior secured notes due 2028, GPB 475 million 10.000% senior secured notes due 2028 and a GPB 175.5 million super senior revolving credit facility for PureGym. The net proceeds of the notes will be used to refinance PureGym’s existing financial indebtedness. PureGym is a leading European gym and fitness operator, with approximately 1.9 million members across more than 550 sites in the United Kingdom, Denmark and Switzerland. 

Clariant AG has placed a CHF 150 million bond with a term to maturity of five years. The net proceeds will be used for general financing purposes. Clariant is one of the world’s leading specialty chemical companies that contributes to value creation with innovative and sustainable solutions for customers from many industries.