Roche’s issuance of EUR 1.5 bn bonds: the advisors

Roche Finance Europe issued EUR 1.5 billion bonds guaranteed by Roche Holding, advised by Homburger. Advestra advised BNP Paribas and the banking syndicate on the placement.

Banco Santander, BNP Paribas and UniCredit Bank acted as joint lead managers. The bonds will be listed on the SIX Swiss Exchange and have been admitted to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange. The first tranche was issued in the aggreg­ate prin­cip­al amount of EUR 650,000,000, has a coupon of 3.227% and is due in 2030. The aggreg­ate prin­cip­al amount of the second tranche amounts to EUR 850,000,000, has a coupon of 3.564% with a matur­ity date in 2044. The documentation is governed by Swiss law.

The advisors

Homburger acted as an advisor for Roche Holding with a team led by financing and investment products partner Jürg Frick (pictured left), which also comprised Eduard De Zordi and Daniel Hulmann (both capital markets).

Advestra acted as Swiss leg­al coun­sel to the man­agers, with a team led by partner Annette Weber (pictured right) and including Valérie Bayard (all cap­it­al mar­kets) as well as Céline Mar­tin (tax).