The bond will pay interest of 0.625% and have a term of six years. It will be listed on the SIX Swiss Exchange (ISIN: CH0409938153).
With this issue, Datwyler is taking advantage of the currently favourable conditions on the capital markets to refund – to the tune of CHF 150 million – the 1.125% bond for the 2012-18 period, which is due to be repaid on 7 June. Datwyler will be using the liquid funds to finance the growth strategy, both by building or expanding new or existing plants and through acquisitions of businesses that fit the strategy.
Kellerhals Carrard (Thomas Bähler, Dominik Oberholzer, Michèle Remund) advised Dätwyler on this transaction.