Advestra advises Bank of America Merrill Lynch, Credit Suisse AG and Goldman Sachs International in an offering and placement of CHF 600 million senior unsecured convertible bonds of Idorsia

Idor­sia Ltd suc­cess­fully placed CHF 600 mil­lion seni­or unse­cured con­vert­ible bonds due 2028 in a private place­ment with insti­tu­tion­al investors. The net pro­ceeds of the con­vert­ible bonds will be used to sup­port com­mer­cial product launches in sev­er­al key mar­kets and to fund the fur­ther devel­op­ment of the com­pany’s advan­cing late-stage pipeline. Bank of Amer­ica Mer­rill Lynch, Cred­it Suisse AG and Gold­man Sachs Inter­na­tion­al were act­ing as Joint Book­run­ners and Octavi­an as Selling Agent on the offering.

Advestra acted as leg­al coun­sel to the syn­dic­ate banks. The team included Sandro Fehl­mann, Thomas Reut­ter and Fabi­an Loretan (all Cap­it­al Markets).