Allreal issues 160 million bond
Allreal Holding AG has issued a fixed-interest bond with a volume of CHF 160 million.
According to Allreal, the issue will serve to refinance existing liabilities. Until the funds are fully invested, the excess liquidity will be used to repay short-term bank debt, the company said.
Zürcher Kantonalbank, Credit Suisse AG, Raiffeisen Schweiz Genossenschaft and UBS AG act as Joint Lead Managers.
The bond has a term of ten years and a coupon of 0.875 percent. Payment will be made on March 30, 2017, and application will be made for the bonds to be listed on the SIX Swiss Exchange.
A few days ago, Allreal presented its figures for the 2016 financial year. Net income (incl. revaluation effect reached CHF 173.6 million - the highest profit in the company's history.
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