Implenia raises CHF 125 million of long-term debt capital | Diversification of maturities | Increase of Group’s financing strength
Dietlikon, 29 September 2014 – Implenia is issuing a new 10-year bond worth CHF 125 million. The bond carries a coupon of 1.625% and matures on 15 October 2024. A banking syndicate consisting of UBS AG and CS has successfully placed the bond at an issue price of 101.063%. It has met with good market demand, underlining the capital market’s great confidence in the company. The bond is being traded from 13 October 2014 on the SIX Swiss Exchange. The issue allows Implenia to refinance a first tranche of its outstanding CHF 200 million, 3.125% bond on attractive terms. By staggering its debt capital base the issue also further diversifies the Group’s debt maturity structure and increases its financing strength.
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Implenia is the leading construction and construction services company in Switzerland. Formed in 2006 from the merger between Zschokke and Batigroup, Implenia can look back on around 150 years of history in the construction industry. The company brings the expertise of its highly skilled Modernisation & Development, Buildings, and Tunnelling & Civil Engineering Sectors, and its Switzerland and Norway Regions under the single roof of a nationally and internationally active company. With its integrated business model and specialists operating in all its divisions, Implenia can manage a building project through its entire lifecycle and deliver work that is economical, integrated and customer-centric. The focus is on striking a sustainable balance between financial success and social and environmental responsibility.
Implenia, with its headquarters in Dietlikon near Zurich, employs more than 6900 people and posted turnover of around CHF 3.1 billion in 2013. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). For further information please visit www.implenia.com.