CPH refinances Swiss-franc bond
CPH Chemie + Papier Holding AG (CPHN) placed a CHF 85 million corporate bond on the Swiss capital market today. The Swiss-franc bond has a maturity of 5 years and carries a coupon of 2.0%.
Perlen, 14 September 2018 – The CPH Group has issued a CHF 85 million corporate bond with an option of increase at an issue price of 100.00%. The issue of the bond, which has a maturity of 5 years and an annual coupon of 2.0%, is being coordinated by Credit Suisse, with payment planned for 12 October 2018.
The funds generated by this new bond issue will be used to refinance CPH’s current CHF 120 million 2014-2019 2.75% bond, which will be redeemed on 10 July 2019. “In issuing this new bond, the CPH Group ensures the timely refinancing of the bond and pays back part of the original bond amount from its own funds,” says Peter Schildknecht, CEO of the CPH Group. An application will be made to permit the bond’s trading on the SIX Swiss Exchange.
CPH Chemie + Papier Holding AG
Peter Schildknecht, CEO, +41 41 455 8757
Richard Unterhuber, CFO, +41 41 455 8753, firstname.lastname@example.org
Christian Weber, Head of Corporate Communications, +41 41 455 8751, email@example.com