On 13 January 2020, Swissgrid Ltd successfully placed two further long-term bond issues with a total volume of CHF 300 million on the capital market’s medium maturity segment.
After having successfully launched a long-term bond issue with a maturity of 30 ¾ years last September, Swissgrid successfully placed two further bonds issues on the capital market on 13 January 2020. The first of the two CHF 150 million bond issues has a coupon of 0.00% and a maturity of 8.4 years, while the second has a coupon of 0.20% and a maturity of 12.4 years. The bond offerings are listed on the SIX Swiss Exchange.
The proceeds from this bond offering will be utilised to partially refinance convertible loans granted to the company by Swissgrid shareholders in connection with transfer of the grid and to partially refinance the bond issue maturing in January 2020. The bond issue rounds out the Swissgrid maturity profile.
Swissgrid will conduct further activities on the capital market as necessary to ensure grid security over the long term in fulfilment of its mandate.