Business

Switzerland: Rieter issues CHF 100 mln Fixed Rate Bond For Six Years

Rieter Holding Ltd has issued a fixed rate bond in the amount of CHF 100 million on September 1, 2014. The bond is due on September 29, 2020 and pays an annual coupon of 1.50%. The issue price is 100.215% minus commissions. Credit Suisse AG acts as sole lead manager.

The bond will be offered at market price for public subscription until September 24, 2014 (CH0253514779). The term of the bond is 6 years. Rieter Holding Ltd benefits from the attractive market conditions. The funds will be used for a partial re-financing of the existing bond in the amount of CHF 250 million, which is due on April 30, 2015.