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.
Datwyler places bond issue worth CHF 150 million.
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).