KUDELSKI SA KUDELSKI COMPLETES 200 MILLION CHF BOND ISSUANCE
Cheseaux-sur-Lausanne, Switzerland, April 29, 2015 - Kudelski SA (SIX: KUD.S), a leading independent provider of media protection and value-added service technology, successfully raised CHF 200 million term debt through the issuance of a fixed rate domestic straight bond. The bonds bear a 1.875 % coupon and have a tenor of 7 years and 3 months with a final maturity on August 12, 2022. Payment date of the bonds is May 12, 2015. (ISIN CH 028'069'593(0)).
The Company hosted a fixed income roadshow on April 28 with presentations in Geneva and Zurich and leveraged on the strong interest from investors and favorable market environment to raise long term funding at competitive conditions.
Proceeds will be used for the refinancing of the existing bond maturing in December 2016 and a partial reduction of outstanding credit lines.
The bonds were placed in majority with private banks and some institutional investors in Switzerland under the sole lead management of Credit Suisse AG. Banque Cantonale Vaudoise and Zürcher Kantonalbank acted as co-managers to the transaction.
| Provider | Channel | Contact | ||
|---|---|---|---|---|
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Tensid Ltd., Switzerland www.tensid.ch |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 |
