GF has raised CHF 200 million on the Swiss capital market. The new bond has a term of 9.5 years and a coupon of 0.95%.
The bond was issued under the leadership of the lead banks Credit Suisse and Zürcher Kantonalbank at an issue price of 100.375%. With this issue, GF is taking advantage of the considerable improvement in capital market conditions that has occurred since April 2020. With the transaction, GF is expanding its financial flexibility in order to implement long-term strategic goals, and the bond can also be used for the potential repayment of existing bank loans.
The bond is listed on the SIX Swiss Exchange. Payment will be made on September 25, 2020.
