Formycon to Launch €50 Million Bond for Growth

Formycon AG plans to issue a senior unsecured floating rate bond with a target volume of €50 million. This initiative forms part of the company's growth strategy and is arranged by IKB Deutsche Industriebank AG and Pareto Securities AS.

The issuance will be a public offering in Germany, Luxembourg, and Austria, with a total nominal value of up to €50 million. The Luxembourg Commission de Surveillance du Secteur Financier is expected to approve the prospectus for the bond.

Proceeds will fund the development of Formycon's biosimilar product portfolio. The bond will have a four-year term with an interest rate based on the three-month EURIBOR plus a 7% to 7.5% margin.

The final margin and nominal amount will be announced around June 30, 2025. Market conditions will influence the transaction's final decision, with details communicated to the public as necessary.