Refinancing ensures stability and scope for investment
Implenia has successfully placed a fixed-rate non-subordinated bond totalling CHF 220 million on the Swiss capital market. The bond has a term of four years and an interest rate of 2.50 per cent.
Construction and real estate services provider Implenia AG has successfully placed a bond for CHF 220 million, according to a press release. The fixed-rate, non-subordinated bond was issued at par with a term of four years and an interest rate of 2.50 per cent. The bond is to be admitted to trading and listed on the SIX Swiss Exchange.
The settlement of the bond, i.e. the mandatory accession of investors, is expected to take place on 30 April, it is further reported. UBS AG, Commerzbank Aktiengesellschaft, Raiffeisen Schweiz Genossenschaft and Zürcher Kantonalbank acted as joint lead managers (JLMs) and bookrunners or lead managers for the issue. JLMs are responsible for marketing the securitisation to investors and for executing the transaction on time and on budget.
The issue proceeds will be used for general corporate purposes, according to the press release. This also includes the refinancing of existing debt, such as the repayment of the CHF 175 million bond maturing on 26 November 2025 and the EUR 30 million promissory note maturing on 9 June. The successful issue will enable Implenia to further strengthen the company’s financing structure, according to the press release.
As a construction and real estate services provider, Implenia develops, realises and manages living spaces, working environments and infrastructure for future generations in Switzerland and Germany, the company said.
Headquartered in Opfikon, Implenia employs over 9,000 people across Europe and generated sales of 3.6 billion Swiss francs in 2024.