Aryzta: Issued 300 million CHF Hybrid Instrument

Zurich / CH. (aag) Swiss Aryzta AG made an announcement regarding the issuance of a 300 million CHF Perpetual Callable Subordinated Instrument or «Hybrid Instrument». The proceeds from the issue will be used to refinance existing debt and/or for general corporate purposes. The Hybrid Instrument offers investors a coupon of four percent and is undated with an initial call date by Aryzta after five years. The successful hybrid capital raising was taken up by a broad Swiss retail investor base. UBS, Credit Suisse and Zürcher Kantonalbank acted as joint bookrunners on this transaction.

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