HIAG places 150 million bond
On May 3, 2017, HIAG Immobilien Holding AG placed a third fixed-rate bond of CHF 150 million with a coupon of 0.8 percent and a term of five years.
The proceeds will mainly be used to repay bank financing, according to an HIAG media release. With this bond, the listed company can "further diversify its financing structure and benefit from the current attractive conditions on the capital market," CEO Martin Durchschlag and CFO Laurent Spindler announced.
Credit Suisse and Bank Vontobel acted as joint lead managers for the placement. Admission to trading on the SIX Swiss Exchange is being applied for, according to HIAG.
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