Successful placement of CHF 1 billion bond issues
- CHF 250 million floating rate bonds 2014 - 2017 with a floating interest rate based on 3-month CHF LIBOR plus 0.18% payable quarterly as per January 8, April 8, July 8, October 8. The first interest payment will be made on January 8, 2015, and final interest payment on October 6, 2017.
- CHF 500 million bonds 2014 - 2020 with a fixed coupon of 0.5% per annum. The interest payments will be due on an annual basis, starting October 8, 2015.
- CHF 250 million bonds 2014 - 2024 with a fixed coupon of 1.0% per annum. The interest payments will be due on an annual basis, starting October 8, 2015.
With this seamlessly executed transaction in the domestic Swiss bond market, Lindt & Sprüngli secures CHF 1.0bn three-tranches bond financing at very attractive terms in a historically low interest rates environment.
In parallel, the transaction enables Lindt & Sprüngli to diversify and broaden its investors base, as well as to establish a staggered maturity profile underpinning the Group’s conservative financial profile and strategy.
All the three tranches were broadly allocated to institutional, private banking and retail investors.
About Chocoladefabriken Lindt & Sprüngli AG (SIX: LISN, LISP):
As the global leader in the premium chocolate sector, Lindt & Sprüngli looks back on a long standing tradition of almost 170 years which takes its origins in Zurich, Switzerland. Today, quality chocolate products by Lindt & Sprüngli are made at 12 own production sites in Europe (key brands: LINDT, CAFFAREL, HOFBAUER) and the USA (key brands: LINDT, GHIRARDELLI, RUSSELL STOVER, WHITMAN’S). They are distributed by numerous subsidiary companies and branch offices and also via a comprehensive network of independent distributors all over the world. With some 9,000 employees, the Lindt & Sprüngli Group reported sales worth 2.88 billion Swiss francs in 2013.
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