Bond Issue Announcement

Today, Folli-Follie Commercial Manufacturing and Technical S.A. via its FF Group Finance Luxembourg II S.A.  entity (“FF Group”) has successfully completed its inaugural CHF bond issuance. The issue, a senior unsecured bond, is unrated, has a 4 year maturity for a total amount of 150 million CHF and exceeded the volume initially targeted by the company.

The bond pays a fixed rate coupon of 3.250% and has an issue price of 100%. After announcing initial IPT’ s of 3.25%-3.50% the transaction gathered a strong demand, showing high interest for the Group and allowing FF Group to tighten the pricing to the low end of the range.

The bond will be listed in the SIX Swiss Stock Exchange on the 31^th October 2017. Credit Suisse and UBS acted as joint bookrunners.

Please find below full terms of the issuance

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FF Group is an international leading force in the fashion world that operates in more than 31 countries. The FF Group designs, produces and markets on a global level its own brands: Folli Follie and awards winning British jewellery Links of London. The Group has a strategic participation in the travel retail sector globally through Dufry AG – and maintains at the same time a leading presence in the retail and wholesale segment in Greece and the Balkans. Factory Outlet as well as “Attica” Department stores are the Group’s major own retail distribution channels in Greece, whereas brands such as Ermenegildo Zegna, Juicy Couture, Nike, Converse, Samsonite, Guess, Calvin Klein and G-Star, Shiseido and Max Factor belong to the Group’s local brand portfolio. 

With a dynamic three pillar structure and an impressive portfolio the FF Group “accompanies” a customer through all life phases: from early childhood to adulthood one can relate to the FF Group and its brand portfolio. 

FF Group creates fashion globally and has established a strong presence with more than 900 points of sale worldwide, whereas it employs about 5.000 people worldwide.