Hiag repays bond of 125 million
Hiag redeemed the CHF 125 million bond maturing on October 26 from existing credit lines and own funds.
The Basel-based project developer said it had agreed further mortgage-backed credit facilities with Swiss banks in mid-October 2022. The new framework credit facilities of CHF 125 million are undrawn and freely available, it said.
Hiag expects the average remaining term of financial liabilities at the end of the year to be in the range of the value it had at mid-year 2022. (aw)
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