On 5 June 2023, Swissgrid Ltd again successfully placed a bond on the capital market. The volume amounts to CHF 200 million.
Swissgrid Ltd today launched a bond in the shorter maturity segment. It comprises CHF 200 million with a coupon rate of 1.90% and a term of three years. The bond will be listed on the SIX Swiss Exchange and included in the Swiss Bond Index as well as in the relevant ESG Bond Indices.
The proceeds of this bond will be used to repay current financial liabilities and to finance ongoing investments, procurement costs and the costs of the electricity reserve for the winter. This is one of the additional tasks that the federal government has assigned to Swissgrid to ensure Switzerland’s security of supply. The modernisation of the transmission system is the key to a sustainable energy future. As the backbone of a secure energy supply, the transmission system makes a key contribution to achieving the goals of the Energy Strategy 2050.
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.