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Medartis Holding, a SIX-listed specialized orthopaedic company for head and extremity surgery, has placed CHF115.8m (US$127m) senior unsecured guaranteed convertible bonds due April 11, 2031, paying a coupon of 3% pa, paid semi-annually. The initial conversion price has been set at CHF100.725, representing a premium of 27.5% over the price per share in the in the Concurrent Delta Placement (as further described below).
Net proceeds will be used for general funding purposes including acquisitions.
“Following the strong sales…