Press releases

Hero Group successfully completes financing round with CHF 140m hybrid bond take-up

Lenzburg, June 2, 2023 – The Hero Group, which is on a mission to delight consumers by conserving the goodness of nature, has successfully completed its recent hybrid bond launch.

After an initial CHF 100m placement in a first book-building process, the financing round of the issuance of the new hybrid (perpetual callable subordinated) bond was finalized with a total of CHF 140m.

"We appreciate the confidence investors have shown in the Hero Group. The take up of the bond has fully met our expectations and it is an important element to continue pursuing our long-term strategy to grow the company sustainably," said Karsten Boyens, CFO Hero Group.

The new hybrid bond, which is traded at the SIX Swiss Exchange with ISIN CH1268922171, bears an interest rate of 5%, and has a 5.1-year tenor until the first call date.

At the same time as the new hybrid bond was issued, the Hero Group bought back CHF 124m of the existing hybrid bond (ISIN 0341725874), which has a first call date of October 27, 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.

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