Tag Archives: CapLaw-2021-55

Idorsia Placed CHF 600 million Convertible Bonds

End of July 2021, Idorsia Ltd successfully placed CHF 600 million senior unsecured convertible bonds due 2028 in a private placement with institutional investors. The net proceeds of the convertible bonds will be used to support commercial product launches in several key markets and to fund the further development of the company’s advancing late-stage pipeline. Bank of America Merrill Lynch, Credit Suisse AG and Goldman Sachs International were acting as Joint Bookrunners and Octavian as Selling Agent on the offering.