Temenos Issues Bond to Further Diversify Funding and Strengthen Balance Sheet

Press Releases, March 25, 2014

Temenos – Company

GENEVA, Switzerland – 25 March 2014 – Temenos (SIX: TEMN), the market leading provider of mission critical solutions to the financial services industry, today announces the issue of a CHF100m bond. 

Taking advantage of the favourable market conditions and building on the success of its first public bond issue in March 2013, the CHF 100 million senior unsecured bond, has a coupon of 2% and matures in January 2019.

The bond received significant demand from private banking and retail investors and was oversubscribed, evidencing confidence in the strong financial and operational performance of the company and in its strategy and prospects. 

Temenos intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions and the repayment of existing debt. Credit Suisse acted as sole lead manager with BZ Bank and RBS as co-lead managers. The bond will be listed on the SIX Swiss Exchange. 

Max Chuard, CFO of Temenos, said:

“Building on the success of our first ever public debt issue in 2013, we are delighted to have received such strong support from the public debt markets which has allowed us to issue our second bond on such attractive terms, reflecting the strength of our operational and financial performance in 2013. Temenos has a very strong and well diversified balance sheet which provides the financial flexibility to allow us to deliver on our strategy and capture the huge market opportunity that exists today.”