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Commentary & Deal Flow

NEW ISSUE: Aroundtown SA Min Size CHF 100m 7.5yr Sr Unsec; SARON MS+150/155bp

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Aroundtown SA

7.5yr

09-Jan-34

Min CHF 100m

Sr Unsec

Fixed

SARON MS+150/155


IPTs: 7.5yr: SARON MS+150/155bp

  • Issuer: Aroundtown SA (Ticker: ARNDTN)
  • Issuer Domicile: Luxembourg
  • Format: Public Fixed Rate Notes
  • Ranking: Senior unsecured
  • Issuer Rating: S&P: BBB (stable)
  • Expected Instrument Rating: S&P: BBB
  • Size: min. CHF 100mm
  • Indicative Coupon: 1.9338% p.a. (indicative), short 1st. coupon
  • Maturity Date: 09-Jan-34 (7 years 180 days)
  • Settle: 09-Jul-26
  • IPTs: SARON MS +150.0 /+155.0 // YTM 1.934% /1.984% // Govt.+171 /+176
  • Bookrunners: Deutsche Bank, Goldman Sachs International, UBS
  • SNB Repo-eligibility: At the discretion of the SNB, expected no
  • Documentation: EMTN Programme Prospectus dated 09-Jun-26 of the Issuer’s Euro Medium Term Note Programme
  • FinSA Prospectus: Delayed prospectus approval in accordance with Article 51(2) FinSA
  • Governing Law: English Law
  • Covenants: PP, NP, XD, COC
  • Early Redemption: 3-month par call
  • Listing: SIX, from 07-Jul-26
  • Target Market: Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients (all channels for distribution). Public Offering in Switzerland only. Subject to applicable selling restrictions
  • Sales Restrictions: United States and US persons, United Kingdom, European Economic Area (including Belgium), Japan, Israel, Singapore and Canada, as per the Issuer’s EMTN Programme
  • Schedule: Today's business, books can close at short notice