Announcement by ARYZTA AG regarding the pricing of €250 million Perpetual Callable Subordinated Securities (‘Hybrid Securities’) to be issued by its Irish incorporated financing vehicle, ARYZTA Euro Finance Limited and unconditionally and irrevocably guaranteed on a subordinated basis by ARYZTA AG.
Zurich / Switzerland, 14 November 2014
ARYZTA AG (ARYZTA) announces the pricing of €250 million Hybrid Securities to be issued on 21 November 2014 by its Irish incorporated financing vehicle, ARYZTA Euro Finance Limited. The Hybrid Securities will be unconditionally and irrevocably guaranteed on a subordinated basis by ARYZTA. The proceeds from the issue will be used for general corporate purposes outside of Switzerland.
The Hybrid Securities offer investors a coupon of 4.5% and are undated with a first call date of 28 March 2019. The new Hybrid Securities will be placed with institutional investors across Europe, with the transaction jointly managed by BNP PARIBAS, JP Morgan and Rabobank. The Hybrid Securities will be listed on the Irish Stock Exchange. The ISIN will be XS1134780557.
ARYZTA AG (‘ARYZTA’) is a global food business with a leadership position in speciality bakery. ARYZTA is based in Zurich, Switzerland, with operations in North America, South America, Europe, Asia, Australia and New Zealand. ARYZTA has a primary listing on the SIX Swiss Exchange and a secondary listing on the ISE Irish Exchange (SIX: ARYN, ISE: YZA).
ARYZTA is the majority shareholder (68.1%) in Origin Enterprises plc, which has a listing on the AIM in London and the ESM in Dublin (AIM: OGN, ESM: OIZ).
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