Implenia ensures financial flexibility by using a wide range of financial instruments and securing a well-balanced maturity profile.
Our long-term debt consists mainly of bonds in Swiss Franc and promissory note loans in Euro.
In addition, Implenia uses a syndicated facility agreement with a Swiss syndicate providing revolving credit facilities in Swiss Franc. For short-term financing needs, we can use the revolving credit facility as well as bilateral credit facilities.
Maturity profile of debt financing instruments
as at 31.12.2022
Implenia AG issued and listed the following bonds on the SIX Swiss Exchange:
Bond credit ratings / Analysts
The outlined ratings comply with banking internal criteria. Please note that all credit ratings are subject to revision at any time. We make no claim that below list is complete or up-to-date. The evaluations, judgments and expectations do not necessarily reflect the opinion of Implenia AG or its management. (Updated: 31.08.2023)
Please contact the respective analyst directly if you wish to receive a copy of a bond rating report.
Outstanding promissory note loans
In June 2017, Implenia issued a promissory note loan (private placement), for a total amount of EUR 60 million. The three EUR-denominated tranches have fixed interest rates and maturities of four, six and eight years. The first and second tranches were repaid in 2021 and 2023.
EUR 30 m
Syndicated Facility Agreement
Implenia has a syndicated credit agreement totalling CHF 650 million. The unsecured credit agreement consists of a CHF 100 million tranche (Facility A) as a revolving cash limit, a CHF 450 million guarantee limit (Facility B) and a CHF 100 million cash and/or guarantee limit (Facility C). The term runs until 31 December 2027.