Varia US Properties repays bond as scheduled
Although there is strong interest in a prolongation, the company has decided to repay the bond due on June 20, the company announced.
Varia US Properties has announced the repayment of the VAR19 bond with a total nominal value of CHF 50 million. The real estate company writes in an ad hoc release that there is strong interest in a prolongation on the market. Nevertheless, it has decided to reduce the debt ratio and repay the bond.
The VAR19 bond with a coupon of 3.0% and a term of four years was issued by Varia on June 20, 2019 and matures on June 20, 2023. According to the company, repayment to the creditors will be made on this date. (ah)
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