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Evotec prices EUR 116.1 million 2033 convertible bond offering

PUBT·05/12/2026 20:26:07
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Evotec prices EUR 116.1 million 2033 convertible bond offering
  • Evotec priced €116.1 million of senior unsecured convertible bonds due 2033, convertible into new and/or existing no-par value bearer shares.
  • Coupon set at 2.625% with semiannual payments; bonds issued at 100% in €100,000 denominations.
  • Redemption set at 110% of principal at maturity, implying 3.88% yield-to-maturity; investors hold a put option after five years.
  • Initial conversion price set at €6.53, a 37.5% premium to reference share price of €4.75; effective conversion price at maturity about €7.18.
  • Net proceeds earmarked to fund liquidity needs tied to transformation program “Project Horizon”.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Evotec SE published the original content used to generate this news brief via EQS News, a service of EQS Group AG (Ref. ID: corporate_2326572_de), on May 12, 2026, and is solely responsible for the information contained therein.