Implenia: Convertible bond fully refinanced
Implenia increases the recently announced CHF 150 million senior bond by CHF 25 million, thereby completing the refinancing of the outstanding convertible bond of CHF 175 million.
Implenia placed a senior bond for a total amount of CHF 150 million on 3 November. The term is four years and the interest rate is 2.00%. The company has now increased this bond by 25 million to a final issue volume of 175 million. This will enable the full refinancing of the outstanding 175m convertible bond, which matures on 30 June 2022, Implenia says. The issue extends the maturity profile and strengthens the company's financing structure.
The bond will be admitted to trading and listed on the SIX Swiss Exchange. Settlement is scheduled for 26 November. (ah)
(Visited 414 times, 1 visits today)
