Brief: Oerlikon Places CHF 340 Million Dual-Tranche Senior Unsecured Bonds
17/05/2023 06:28
May 17 (Reuters) - OC OERLIKON CORPORATION AG PFAEFFIKON
OERL.S :
* OERLIKON SUCCESSFULLY PLACED CHF 340 MILLION DUAL-TRANCHE
SENIOR
UNSECURED BONDS
* BONDS ARE TO REPAY OUTSTANDING DEBT AND ENSURE A CONTINUED
STRONG FINANCIAL FOUNDATION FOLLOWING ACQUISITION OF RIRI
* COUPONS HAVE BEEN SET AT 2.875% PER ANNUM FOR BONDS DUE
2026 AND
3.25% PER ANNUM FOR BONDS DUE 2029
* COUPONS FOR BOTH TRANCHES ARE PAYABLE ANNUALLY, WITH FIRST
COUPON PAYABLE IN JUNE 2024 AND OCTOBER 2023 RESPECTIVELY
* PROVISIONAL TRADING EXPECTED TO COMMENCE ON OR AROUND MAY
31,
202
* SETTLEMENT DATE OF BONDS IS EXPECTED ON JUNE 02, 2023
Further company coverage: OERL.S
(Gdansk Newsroom)
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