Temenos issues CHF 200m 5-year bond

GENEVA, Switzerland, September 27, 2023 – Temenos AG (SIX: TEMN), the banking software company, today announces the successful placement of a CHF 200m bond, after receiving a Long-Term Issuer Default Rating (IDR) of ‘BBB’ with a stable outlook, and a senior unsecured rating of ‘BBB’, from Fitch Ratings

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The senior unsecured instrument carries an annual fixed-rate coupon of 2.85% and matures in October 2028. The bond is expected to be rated BBB by Fitch. The net proceeds of the transaction will be used for general corporate purposes. The bond attracted strong demand across a broad spectrum of institutional investors as well as private banks.

The bond will be listed on the SIX Swiss Exchange and is expected to be included in the domestic segment of the Swiss Bond Index (SBI).

BNP Paribas (Suisse) SA and ZKB acted as Joint Lead Managers, and BZ Bank acted as Co-Manager on the transaction.

Commenting on the transaction, Temenos CFO, Takis Spiliopoulos, said:

“The strong investor demand reflects Temenos’ unique positioning in a structural growth market and the strength of our cash flow generation and our balance sheet, with our transition to subscription and growth in SaaS driving the growth in our recurring revenue and the growth and predictability of our free cash flow.”

Investor & Media Contacts

Adam Snyder

Head of Investor Relations, Temenos

+44 207 423 3945 [email protected]

Press and media enquiries

Conor McClafferty | Martin Meier-Pfister

+44 7920 087 914 | +41 43 244 81 40 [email protected] | [email protected]
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