Von Roll Holding AG completed the placement of CHF 150 million 1.00% convertible bonds due 2022. The bonds were issued at 100% of their principal amount and, unless previously redeemed, converted or repurchased and cancelled, will mature on 11 April 2022 at 100% of their principal amount. The allocation of the bonds included a claw-back by existing shareholders who were granted the right to exercise their advance subscription rights.
Bär & Karrer acted as legal transaction counsel to Von Roll Holding AG and Privatbank IHAG Zürich AG on the issuance and placement of the bonds.
The team included Thomas U. Reutter, Annette Weber and Michael Schneitter (Capital Markets) as well as Susanne Schreiber and Andreas Steffen (Tax).