Datwyler places bond issue worth CHF 150 million.
Ad hoc announcement pursuant to Art. 53 LR SIX Swiss Exchange | May 3, 2018
Dätwyler Holding Inc. (SIX: DAE) successfully launched a bond with an amount of CHF 150 million on 3 May 2018. The bond will pay interest of 0.625% and have a term of six years. Credit Suisse managed the placement of the bond based on an issue price of 100.368%. The bond will be paid up on 30 May 2018 and subsequently listed on the SIX Swiss Exchange (ISIN: CH0409938153).
With this issue, Datwyler is taking advantage of the currently favourable conditions on the capital markets to refund – to the tune of CHF 150 million – the 1.125% bond for the 2012-18 period, which is due to be repaid on 7 June. Datwyler will be using the liquid funds to finance the growth strategy, both by building or expanding new or existing plants and through acquisitions of businesses that fit the strategy.