UCB completes institutional Eurobond offering
Brussels (Belgium), 27 September, 2013 (CET) 16h30 - regulated information
UCB SA (NYSE Euronext: UCB) announces today that it has completed the offering of EUR 350 million senior unsecured bonds, due January 2021 (the “Bonds”), to be issued under its EUR 3 billion EMTN Programme.
The Bonds were placed to qualified institutional investors across Europe. The transaction was conducted by Barclays, CA-CIB, and The Royal Bank of Scotland plc, acting as Global Coordinators and Active Joint Bookrunners and Santander and Mitsubishi UFJ Securities International, acting as Active Joint Bookrunners for the offering. DNB Markets, Mizuho International plc. and SMBC Nikko acted as Co-Managers for the offering.
The Bonds will be issued at 99.944 per cent on October 4, 2013 and will be redeemed at 100 per cent of their principal amount on January 4, 2021. They will bear interest at an annual rate of 4.125 per cent.
The proceeds from today’s offering will be used to diversify UCB’s funding sources, lengthen the average maturity of its indebtedness, strengthen its balance sheet liquidity as well as to fund future growth, consistent with UCB’s prudent financial strategy. The Bonds are also issued in anticipation of the scheduled maturity in 2014 of the portion of the retail bonds issued in 2009 which were not exchanged in the exchange offer that ended on September 18, 2013.
Detlef Thielgen, Chief Financial Officer, UCB, commented, “We are again very pleased with the confidence investors have shown in us through their positive response to this bond offering. The success of our recent transactions underlines UCB’s access to the debt capital markets and allows us to further diversify our international lender base and extend our debt maturity profile.”
This press release does not constitute an offer to sell or a solicitation to buy any securities, and the offer of the Bonds by UCB does not constitute a public offering.
For further information
Antje Witte, Investor Relations, UCB
T +32 2 559 9414, email@example.com
Alexandra Deschner, Investor Relations UCB
T: +32 2 559 9683, firstname.lastname@example.org
UCB, Brussels, Belgium (www.ucb.com) is a global biopharmaceutical company focused on the discovery and development of innovative medicines and solutions to transform the lives of people living with severe diseases of the immune system or of the central nervous system. With 9000 people in approximately 40 countries, the company generated revenue of EUR 3.4 billion in 2012. UCB is listed on Euronext Brussels (symbol: UCB).
This press release contains forward-looking statements based on current plans, estimates and beliefs of management. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including estimates of revenues, operating margins, capital expenditures, cash, other financial information, expected legal, political, regulatory or clinical results and other such estimates and results. By their nature, such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions which could cause actual results to differ materially from those that may be implied by such forward-looking statements contained in this press release. Important factors that could result in such differences include: changes in general economic, business and competitive conditions, the inability to obtain necessary regulatory approvals or to obtain them on acceptable terms, costs associated with research and development, changes in the prospects for products in the pipeline or under development by UCB, effects of future judicial decisions or governmental investigations, product liability claims, challenges to patent protection for products or product candidates, changes in laws or regulations, exchange rate fluctuations, changes or uncertainties in tax laws or the administration of such laws and hiring and retention of its employees. UCB is providing this information as of the date of this press release and expressly disclaims any duty to update any information contained in this press release, either to confirm the actual results or to report a change in its expectations.
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Moreover, sales may be impacted by international and domestic trends toward managed care and health care cost containment and the reimbursement policies imposed by third-party payers as well as legislation affecting biopharmaceutical pricing and reimbursement.
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.
THIS ANNOUNCEMENT IS FOR GENERAL INFORMATION ONLY AND DOES NOT FORM PART OF ANY OFFER TO SELL OR EXCHANGE, OR THE SOLICITATION OF ANY OFFER TO BUY OR EXCHANGE, SECURITIES. THE DISTRIBUTION OF THIS ANNOUNCEMENT AND THE OFFER AND SALE OR EXCHANGE OF THE SECURITIES DESCRIBED IN THIS ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS. EACH PERSON READING THIS ANNOUNCEMENT SHOULD INFORM HIMSELF OF AND OBSERVE ANY SUCH RESTRICTIONS.
This communication is for distribution in the United Kingdom only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities and other persons to whom it may lawfully be communicated, falling within article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons").
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION. THE BONDS MAY NOT BE OFFERED NOR SOLD OR EXCHANGED IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"). UCB DOES NOT INTEND TO REGISTER ANY PORTION OF THE PLANNED OFFER IN THE UNITED STATES OR TO CONDUCT AN OFFERING OF SECURITIES IN THE UNITED STATES. THE OFFERING IS BEING CONDUCTED OUTSIDE THE UNITED STATES IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.
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