Orior successfully completed the placement of its CHF110m inaugural bond issue. The bonds carry a coupon of 0.625 per cent and will mature on 26 September 2023 at par.
They have been provisionally admitted to trading at the SIX Swiss Exchange and are expected to be listed there as well.
The issue was lead-managed by UBS AG and Zürcher Kantonalbank.
Bär & Karrer acted as legal adviser to Orior in this transaction. The team included Thomas Reutter, Daniel Raun and Stefanie Walch (all capital markets) as well as Daniel Lehmann and Laurent Riedweg (both tax).