Hiag places 100 million bond
The fixed-rate bond Hiag placed has a coupon of 3.13% and a maturity of six years.
Hiag Immobilien Holding placed a CHF 100 million fixed-rate bond with a coupon of 3.13% on the Swiss capital market on January 17, 2023. The bond has a term of six years, with maturity scheduled for February 16, 2029, according to the real estate company.
The new funds will be used to refinance the bond that matures on July 4, 2023, the company added. The average remaining term of the financial liabilities will be extended accordingly.
UBS and Credit Suisse acted as joint lead managers of the transaction. The admission of the bond to trading on the SIX Swiss Exchange will be applied for, Hiag further announces. (ah)
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