This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Serono SA (focuses on neurology, metabolism, and growth) has raised CHF600mm ($440mm) with the placement of five-year 0.50% senior unsubordinated convertible bonds. They will each convert into 3.53 bearer shares at CHF1.4k apiece (a 53.8% premium to the current price). If the bonds are not converted prior to their maturity date in 2008, they will be redeemed at 105.8% (a yield to maturity of 1.63% per annum).
Already a Biomedtracker subscriber?You have access to the full deal record through your subscription
Want to become a subscriber?Subscribers get more deal details, updates, deal financials and deal products.Questions?