Helvetia successfully placed a senior bond tranche in the amount of CHF 250 million with maturity in 2026 and a coupon of 1.45 percent. Furthermore, the company has issued a senior bond tranche with a volume of CHF 150 million maturing in 2029. This tranche carries a coupon of 1.95 percent.
The funds from the issue will be used by Helvetia for general corporate purposes, including the possible refinancing of outstanding instruments. "The transaction was successfully executed in a challenging market environment. This underlines Helvetia's excellent financing capabilities in the Swiss capital market", Group CFO Annelis Lüscher Hämmerli comments.
Credit Suisse, Deutsche Bank and UBS acted as joint lead managers to the transaction as well as Zürcher Kantonalbank as co-manager.