Tecan Raises CHF 150 Million Through Bond Issuance

Tecan has successfully issued a CHF 150 million bond with a 0.850% coupon and a 5-year maturity (ending September 2030). The net proceeds will be used for general corporate purposes, including the repayment of a CHF 250 million bond due in October 2025. The bond was placed with institutional investors and private banks in Switzerland under the lead management of UBS Investment Bank and Zürcher Kantonalbank, with Bank J. Safra Sarasin as a co-lead manager.