Further to its previous announcements dated February 6, February 7 and February 20, 2014, respectively, SGS announces the final pricing details for the Exchange Offer:
| New 2022 Bond Reference Benchmark Rate | 1.0565% |
| New 2022 Bond Spread | 25 bps |
| New 2022 Bond Yield (annual) | 1.3065% |
| New 2022 Bond Coupon (annual) | 1.375% |
| New 2022 Bond Price | 100.517% |
| Exchange Ratio | 1.037138 |
| Accrued Interest per Existing CHF5,000 2016 Bond (before Swiss Withholding Tax) | CHF 48.96 |
| New 2022 Bond Nominal Amount | CHF 138,306,000 |
In total, CHF 133,445,000 in aggregate nominal amount of the Existing 2016 Bonds will be accepted by SGS pursuant to the Exchange Offer.
Capitalised terms used in this announcement but not defined have the meanings given to them in the Exchange Offer Memorandum.
The terms and conditions of the exchange offer can be found on our Website:
- Preliminary Prospectus for the new 2022 Bonds
- Exchange Offer Memorandum
For further information, please contact:
Jean-Luc de Buman
Corporate Development,
Communications & IR
SGS SA
1 place des Alpes
CH - 1211 Geneva 1
t: +41-22 739 91 11
f: +41-22 739 92 00
www.sgs.com
About SGS
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.