SIX right this moment positioned its first senior unsecured CHF bond with a complete quantity of CHF 450 million and maturity in 2029 by way of its holding firm SIX Group Ltd.
The Firm will use the online proceeds of the bond placement for the refinancing of its excellent bridge facility related to the acquisition of BME, which operates all fairness markets and official monetary techniques in Spain, and for common company functions.
The coupon quantities to 0.2% per yr, which suggests a yield to maturity of 0.1575% per yr. Until the bonds are repaid prematurely or acquired and canceled, they are going to be repaid at their nominal worth on the due date.
The provide aroused appreciable curiosity from a really broad institutional investor base in Switzerland – proof of the truth that the SIX Group’s stakeholders respect its robust monitor document, its substantial money era, strong enterprise mannequin and potential for progress very positively.
The Firm has a long-term issuer ranking of “A” from S&P World Rankings Europe Restricted (“Commonplace & Poor’s”), and Commonplace & Poor’s can be anticipated to assign an A ranking to the bonds.
Credit score Suisse, UBS Funding Financial institution, and Zürcher Kantonalbank acted because the joint lead managers.