DocMorris Targets CHF100 Million Convertible Bonds Issue, Repurchase of Existing Debt

01:40 AM EDT, 09/09/2026 (MT Newswires) -- DocMorris (DOCM.SW) unit DocMorris Finance on Wednesday launched a 100 million-franc private placement of senior unsecured bonds and the repurchase of outstanding 49.6 million francs of convertible bonds due 2028. The new convertible bonds, which are expected to mature on March 16, 2031, are expected to have a coupon of between 1.5% and 2% per annum. The transactions will prolong the online pharmacy company's maturity profile by 2.6 years, reduce coupon cost from 3%, and reduce the number of shares underlying the bonds. Settlement is scheduled on Sept. 16, with proceeds of 10 million francs allocated for general corporate purposes.