Pressemitteilungen

Lenzburg, May 12, 2023 – Hero AG has successfully placed a CHF 100 million CHF-denominated perpetual callable subordinated bond with a 5.00% coupon.

The CHF 100 million perpetual callable subordinated bond is first callable in April 2028. The bonds bear interest of 5.00% per annum until the first reset date in July 2028.

Karsten Boyens, Chief Financial Officer Hero Group, said: "The hybrid offering represents an important step for the Hero Group. It allows us to further optimize our capital structure with regards to our financial and strategic objectives. We are pleased to have received such a positive investor response to our offering".

The bonds will be listed on the SIX Swiss Exchange. UBS and the Zurich Cantonal Bank (ZKB) acted as Joint Lead Managers, while Credit Suisse acted as Co-Manager. The bond will settle on May 30, 2023.

About Hero Group
The Hero Group is an international food company focused on branded nutritional food products. The company was founded in 1886 in Lenzburg, Switzerland, where its headquarters are still located today. Hero's main product categories of Baby & Toddler Food, Natural Spreads, and Healthy Snacks are complemented by its activities in Baby & Toddler Milk, Gluten Free and Specialties. The Group, which lives by its mission to delight consumers by conserving the goodness of nature, boasts a global footprint and its portfolio consists of many well-known international and local brands. In 2022, the Group generated revenues of CHF 1.2 billion.

Media contact
communications@hero.ch