Formycon Secures EUR 70 Million Floating Rate Bond

Formycon AG successfully issued a EUR 70 million senior unsecured floating rate bond, as announced on June 27, 2025. The bond, listed under ISIN: NO0013586024, has a four-year maturity. It offers an interest rate tied to the three-month EURIBOR plus 7.0% per annum. This issuance follows a notable demand, which allowed Formycon to increase the bond volume from an initial EUR 50 million.

The bonds were allocated to both private and institutional investors across Germany and internationally. Subscriptions made through Deutsche Börse and Formycon's website were capped at EUR 20,000 per order. Proceeds from this bond will support Formycon's biosimilar product development, aligning with its growth strategy.

Set to trade on the Frankfurt Stock Exchange by June 30, 2025, Formycon also plans to list the bond on Oslo Stock Exchange’s Euronext ABM within six months. IKB Deutsche Industriebank AG and Pareto Securities AS served as joint lead managers for the transaction.