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Evotec offers EUR 125 million convertible bond due 2033

PUBT·05/12/2026 15:49:33
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Evotec offers EUR 125 million convertible bond due 2033
  • Evotec launched offering of EUR 125 million unsecured convertible bonds due 2033, placed via accelerated bookbuild.
  • Pricing indicated at 2.375%-2.875% annual coupon, paid semiannually; redemption set at 110% of par, implying 3.64%-4.12% yield to maturity.
  • Initial conversion price set at 35%-40% premium to reference share price determined via concurrent delta placement.
  • Proceeds earmarked to fund liquidity needs tied to “Project Horizon” transformation program; settlement targeted around May 21, 2026.


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: adhoc_2326372_de), on May 12, 2026, and is solely responsible for the information contained therein.