On 8 September 2020, Swissgrid Ltd successfully placed a bond of CHF 125 million on the capital market.
After Swissgrid issued two bonds last January, the company was able to successfully place another bond on the capital market on 8 September 2020. The bond has a volume of CHF 125 million with a coupon of 0.15% and a term to maturity of 13 ¾ years. The bond will be listed on the SIX Swiss Exchange and included in the Swiss Bond Index (SBI).
The proceeds from this bond will be used for the partial refinancing of convertible loans, which Swissgrid shareholders extended to the company as part of the transfer of the transmission grid, as well as to finance ongoing investments. The bond complements the maturity profile of Swissgrid’s borrowed capital.
Swissgrid will continue to access the capital market as required in future, in order to fulfil its role and guarantee grid security in the long term.