Homburger advised Firmenich on the issuance of EUR 1.5 bn bonds and CHF 425 m bonds
On April 30, 2020, Firmenich Productions Participations SAS issued EUR 750 m 1.375 per cent. Series 1 bonds due 2026 and EUR 750 m 1.750 per cent. Series 2 bonds due 2030 (collectively, the EUR Bonds), unconditionally and irrevocably guaranteed by Firmenich International SA. The EUR Bonds as well as Firmenich International SA’s guarantee are governed by English law. Application has been made for the EUR Bonds to be admitted to the official list of Euronext Dublin and to trading on Euronext Dublin’s regulated market.
Concurrently, Firmenich International SA successfully placed CHF 425 m 1.000 per cent. bonds due 2023 (the CHF Bonds) to be issued on May 19, 2020. The CHF Bonds are governed by Swiss law. Application will be made for the Bonds to be listed on the SIX Swiss Exchange.
Homburger advised Firmenich with respect to all Swiss law aspects of the transactions. The Homburger team was led by partner René Bösch (Capital Markets) and included partner Stefan Oesterhelt (Tax), counsel Eduard De Zordi (Capital Markets) and associate Fabian Meier.