Roche Launches CHF4 Billion Bond With 1.2% Coupon
March 09 2009 - 11:30AM
Dow Jones News
Roche Holding AG (RHHBY) Monday issued a 4 billion Swiss francs
($3.4 billion) bond as part of its efforts to take over the
remaining part of its U.S. unit Genetech Inc. (DNA).
The bond, which has been launched by UBS AG (UBS), has been
issued at par value, or 100%, and will pay an annual coupon of
1.2%.
The bond, which is rated at Double-A-minus by Standard &
Poor's, has a reopening clause, meaning that the bond's principal
can be increased.
Roche has so far issued almost $40 billion in bonds for its
planned takeover.
Web Sites: www.roche.com ; www.ubs.com
-By Goran Mijuk, Dow Jones Newswires, +41 43 443 80 47;
goran.mijuk@dowjones.com