Issuance of bonds by Pargesa Holding SA and repurchase of previously issued convertible bonds

Lenz & Staehelin assisted Pargesa Holding SA, the Swiss holding company headquartered in Geneva, with a transaction involving a domestic issue of CHF 150 million of straight bonds to be listed on the SIX Swiss Exchange, concurrently with a repurchase of previously issued convertible bonds through a reverse bookbuilding process. The transaction was carried out as part of a policy aiming at extending the average maturity of Pargesa's debt.

Lenz & Staehelin's team was composed of Jacques Iffland and Christel Johnsson.