Geneva airport issues 175 mln franc 10-year bond

Banque Cantonale de Geneve

30/08/2017 12:32

GENEVA, Aug 30 (Reuters) - Switzerland's Geneva airport 
issued a 10 year bond to raise 175 million Swiss francs ($182.7 
million), the first capital markets financing in its history, it 
said in a statement on Wednesday. 
    The launch of the bond, which has a coupon of 0.400 percent, 
was jointly led by Credit Suisse, Zuercher Kantonalbank and 
Banque Cantonale de Genève. 
    It will enable the airport's debt to be extended on 
favourable fixed rate terms, helping to fund an expansion of 
departure lounges for long-haul flights, with passenger numbers 
expected to rise to 25 million by 2030, from 17 million now. 
    ($1 = 0.9577 Swiss francs) 
 
 (Reporting by Tom Miles, Editing by Louise Heavens) 
 ((tom.miles@thomsonreuters.com; +41 58 306 2006; Reuters 
Messaging: tom.miles.reuters.com@reuters.net)) 
 
Keywords: SWISS AIRPORT/DEBT