On 6 November 2020 Swissgrid Ltd successfully placed a bond worth CHF 130 million on the capital market.
After successfully accessing the capital market in January and September, Swissgrid was able to place another bond on 6 November 2020. The bond has a volume of CHF 130 million with a coupon of 0.125% and a term to maturity of 15½ years. The bond will be listed on the SIX Swiss Exchange and included in the Swiss Bond Index (SBI).
The income from this bond will be used to partially refinance the convertible loans that 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 liabilities.
Swissgrid will continue to access the capital market as required in future in order to fulfil its remit and guarantee grid security in the long term.