LabelVie has set the interest rate on its floating-rate bonds in Tranche C at 3.04%, effective from July 29, 2026.
The new rate is part of the annual review set out in the terms of the bond issue, which was launched through a private placement on July 29, 2021.
The bonds have a seven-year maturity and will mature on July 29, 2028. They are unlisted and were sold directly to institutional investors rather than on the stock market.
The new coupon is based on the 52-week monetary reference rate of 2.19%, published by Bank Al-Maghrib on July 21, 2026. A fixed 85-basis-point (0.85%) risk premium is added to that benchmark, bringing the total interest rate to 3.04%.
The new rate will apply from July 29, 2026, to July 29, 2027.
Floating-rate bonds do not pay the same interest throughout their life. The coupon changes at set intervals based on a market benchmark. For Tranche C, the annual interest rate is calculated by adding the central bank’s 52-week reference rate to the fixed 85-basis-point spread agreed when the bonds were issued.
The benchmark reflects short-term borrowing costs, while the fixed spread gives investors extra compensation for holding corporate debt instead of government securities. The spread stays the same for the full seven-year term of the bonds.
