Brief: Cembra Prices Placement Of Treasury Shares And Convertible Bonds

Cembra Money Bank AG

02/07/2019 06:04

July 2 (Reuters) - CEMBRA MONEY BANK AG  CMBN.S :
    * PRICES ACCELERATED PLACEMENT OF TREASURY SHARES AND A
PRIVATE
PLACEMENT OF CONVERTIBLE BONDS
    * PRIVATE PLACEMENT OF CHF 250 MILLION CONVERTIBLE BONDS
    * SENIOR UNSECURED BONDS HAVE A MATURITY OF 7 YEARS
    * PAYMENT AND SETTLEMENT OF SHARE PLACEMENT IS EXPECTED TO
TAKE
PLACE ON OR AROUND 4 JULY 2019
    * CEMBRA MONEY BANK -  SENIOR UNSECURED BONDS HAVE AN
INITIAL
CONVERSION PRICE OF CHF 122.20, CONVERSION PREMIUM OF 30% TO
CLEARING PRICE OF SHARE PLACEMENT AND AN ISSUE PRICE OF 100.88%
    * REMAINING TREASURY SHARES HELD SHALL BE PROPOSED FOR
CANCELLATION
    * SETTLEMENT DATE OF BONDS IS EXPECTED TO BE ON OR AROUND 9
JULY
2019
    * BONDS WILL BE REDEEMED AT 100% OF THEIR PRINCIPAL AMOUNT
OF CHF
200,000 PER BOND
    * BOND ISSUE PRICE OF 100.88%
    * AGREED TO A 90-DAY LOCK-UP PERIOD

Source text for Eikon:  ID:nTENqhtx9a 
Further company coverage:  CMBN.S 

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