CPH repays CHF 120 million bond

CPH Chemie + Papier Holding AG repaid its 2.75% bond on 10 July 2019, raising the company’s balance sheet equity ratio back towards 60%.

Perlen, 10 July 2019 — The CHF 120 million 2.75% bond of CPH Chemie + Papier Holding AG matures today and has been repaid accordingly. The CPH Group made arrangements last October to refinance the bond amount, issuing a new five-year CHF 100 million bond with a coupon of 2%.

The repayment of the 2.75% bond reduces indebtedness by CHF 20 million and the balance sheet total by CHF 120 million. The balance sheet equity ratio has risen accordingly, back towards 60%.

To further increase its financial flexibility, the CPH Group has also arranged a new additional CHF 40 million credit facility with Swiss banks.

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