CPH issues its first CHF bond
CPH Chemie + Papier Holding AG (CPHN) is issuing its first-ever Swiss-franc corporate bond on the Swiss capital market. The CHF 120 million bond carries a coupon of 2,75 %.
Perlen, 26 June 2014 – CPH Chemie + Papier Holding AG, the holding company of the CPH Group, successfully issued a CHF 120 million corporate bond today. The bond has a term of five years and carries a coupon of 2,75 %. The issue was coordinated by UBS AG, with payment due for 10 July 2014.
The proceeds from the bond issue will be used to partially repay syndicated bank loans and for growth-related investments. CPH has also applied for the new bond to be traded on the SIX Swiss Exchange.
“This first-ever issue of a CPH Swiss-franc bond is a historic step for us that further expands our circle of investors,” says Peter Schildknecht, CEO of the CPH Group. “In future, investors will be able to share in the further development of our industrial group not only as CPH shareholders but through the bond market, too.”
The CPH Group generated net sales of CHF 204.4 million and achieved an EBIT of CHF 6.4 million for the first five months of 2014.
CPH Chemie + Papier Holding AG
Dr. Peter Schildknecht, CEO, +41 41 455 87 57
Manfred Häner, CFO, +41 41 455 87 53, firstname.lastname@example.org
Christian Weber, Head Corporate Communications, +41 41 455 87 51, email@example.com