Formycon AG Launches Flexible Bond Subscription via Deutsche Börse

Formycon AG has announced the public subscription for its 2025/2029 corporate bond is now available through Deutsche Börse. This subscription period, facilitated via DirectPlace, will conclude on June 30, 2025. The bond aims to raise €50 million with a variable interest rate pegged at EURIBOR plus a margin of 7.0% to 7.5% per annum. Proceeds are earmarked to bolster Formycon's biosimilar product development.

This financial maneuver is a strategic expansion of Formycon into the bond market, enhancing financial agility during its growth phase. Backed by IKB Deutsche Industriebank AG and Pareto Securities AS, the bond will feature in open market segments and aims for Euronext ABM listing within six months. Investors from Luxembourg, Germany, and Austria can partake, with a broader reach planned for private placements.