Autoneum Holding AG today successfully raised CHF 75 million long-term debt through the issuance of a CHF public bond.
Autoneum Holding AG today successfully raised CHF 75 million long-term debt through the issuance of a CHF public bond. The bond bears a coupon of 1.125% and has a tenor of seven years with maturity on July 4, 2023. The issue was managed by Zürcher Kantonalbank and primarily placed with retail investors in Switzerland. The payment date of the bond is July 4, 2016. The bond is to be listed on the SIX Swiss Exchange.
This issue will facilitate the partial early refinancing of the bond in the amount of
CHF 125 million expiring on December 14, 2017, thereby further enhancing the maturity profile of Autoneum group’s financing structure. The proceeds will temporarily be used to reduce bank liabilities and for general corporate purposes.
Investors
Dr. Martin Zwyssig
CFO
T +41 52 244 82 82
F +41 52 244 83 37
investor@autoneum.com
Media
Dr. Anahid Rickmann
Head Corporate Communications & Responsibility
T +41 52 244 83 88
F +41 52 244 83 36
media@autoneum.com