The company reports on its financial performance on a quarterly basis starting its financial year on January 01.
Idorsia Investments SARL was incorporated as a part of the financial restructuring of Idorsia Ltd and its subsidiaries in 2025. Idorsia launched an exchange offer for all of its outstanding convertible bonds (CB 2025 and CB 2028) into waterfall ranked senior secured pay-if-you-can 2.0% A1 Notes due 2048, 4.6% A2 Notes due 2048 and 4.6% B Notes due 2050. The nominal value of these Notes are unchanged to the exchanged convertible bonds.
The repayment of Notes (principal and interest) is contractually linked to potential future net cash inflows derived from selatogrel, cenerimod and aprocitentan. Upon full repayment of the Notes, the rights to future cash inflows related to these assets will revert back to Idorsia Pharmaceuticals Ltd.
Bondholders accepted the exchange offer for the CB 2025 with an aggregate nominal value of CHF 187,476,000, corresponding to 91.90% of the total issued nominal value of the CB 2025, and for the CB 2028 with an aggregate nominal value of CHF 567,200,000, corresponding to 94.53% of the total issued nominal value of the CB 2028.
The A1 Notes, A2 Notes and B Notes are listed (but not traded) on the International Stock Exchange ("TISE").
The Notes issued by Idorsia Investments SARL are senior secured by a pledge over the shares in Idorsia Investments SARL. The A Notes benefit from a limited and subordinated Swiss-law governed guarantee by Idorsia Ltd.
More information can be found in the latest Financial Report.