Advestra with Galderma on two bond issuances

Advestra advised Galderma on its inaugural EUR 500 Million bonds as well as its dual tranche of CHF 435 million bonds.

The context

Gal­derma made its Euro Bond market debut with a EUR 500 mil­lion bonds placement due 2030 with a 3.500% coupon. Gal­derma Fin­ance Europe B.V. issued the bonds, and Gal­derma Group guaranteed on them.

The bank­ing syn­dic­ate managing the operation included BNP Paribas, Mizuho, J.P. Mor­gan and Sant­and­er Cor­por­ate & Invest­ment Bank­ing as act­ive joint book­run­ners, as well as Com­merzbank, ING and RBC Cap­it­al Mar­kets as pass­ive joint bookrunners.

Moreover, Gal­derma issued CHF bonds in two tranches. The first tranche amounts CHF 190 mil­lion in aggregate, maturing in 2029 and carrying a coupon of 1.4025%. The second tranche amounted to CHF 245 million in aggregate principal, with a coupon of 1.8098% and maturity date in 2033. Gal­derma Group guaranteed both tranches, with Gal­derma Hold­ing acting as issuer. 

BNP Pari­bas (Suisse)  and UBS were the joint lead man­agers for the transaction.

The Advestra team

The Advestra team working on the matter featured Annette Weber (pictured), Valérie Bayard, Mar­iëlle van Nim­we­gen and Jana Wild­ber­ger (all cap­it­al mar­kets) as well as Céline Mar­tin (tax).