Advestra advises Barry Callebaut on bond issuance
Advestra advised Swiss chocolate manufacturer Barry Callebaut through successful CHF bond placement.
The transaction
The issuance, divided in two tranches, amounts to CHF 300 million in aggregate. The first tranche will mature in 2031, setting at CHF 160 million with a coupon of 1.800% . The second tranche, due in 2035, amounts to CHF 140 million, with a coupon of 2.100%.
UBS AG, ING Bank N.V., Coöperative Rabobank U.A. and Société Générale were the joint lead managers for the transaction.
The company
Zurich-based Barry Callebaut is a global manufacturer of high-quality chocolate and cocoa products, holding 15 different brands across the industry. The company is listed on the SIX Swiss Exchange
The team
Capital markets partner Annette Weber (pictured) led the Advestra team on the matter, supported by associate Beau Visser and junior associate Luca Schmid (both capital markets).