Incumbent Swisscom has priced SFr200m of 1.5% notes at 101.437 to yield 1.435%, 17 bps over midswaps.
The offering will close on 14 July and the notes will mature in 2026.
Credit Suisse and Zurcher Kantonalbank are acting as lead managers on the…
Incumbent Swisscom has priced SFr200m of 1.5% notes at 101.437 to yield 1.435%, 17 bps over midswaps.
The offering will close on 14 July and the notes will mature in 2026.
Credit Suisse and Zurcher Kantonalbank are acting as lead managers on the offering, which is expected to be rated A2 by Moody’s, according to a market report.
The issuance follows hot on the heels of the incumbent raising its offer for marketing and media sales company PubliGroupe to SFr214 (US$238) per share last week, valuing the planned takeover at about SFr492m (US$548m).
The Berne-based telco signed an agreement on the increased offer price with PubliGroupe.
It said that its board of directors has agreed to support the buyout and recommend other shareholders do so too. Swisscom has also inked agreements with other major shareholders.
