Allreal issues 150 million bond
Allreal Holding has issued a fixed-interest bond with a volume of more than CHF 150 million.
The issue serves to repay short-term bank debt, the real estate company says. The bond has a maturity of eight and a half years (until June 19, 2026) and a coupon of 0.75 percent per annum. Application will be made to list the bond on the SIX Swiss Exchange, according to the company.
In the capital market transaction, Zürcher Kantonalbank, Credit Suisse, Raiffeisen Schweiz Genossenschaft and UBS are acting as joint lead managers.
The value of the Allreal Group's real estate portfolio amounted to around 3.59 billion as of June 30, 2017. In the 2016 financial year, the project volume handled by the general contractor amounted to 494 million, according to the company. Allreal has its operational headquarters in Zurich and is also represented in Bern, Cham and St. Gallen. The real estate company employs a total of around 270 people.
