Rieter has today placed a bond of CHF 65 million with a term of five years and a coupon of 3.5%. The net proceeds of the issue will be used for general corporate purposes. “The bond also extends the maturity profile of our debt financing and increases the diversification of the investor base as well as our strategic flexibility,” said Oliver Streuli, Rieter Group CFO.
UBS, Zürcher Kantonalbank, Commerzbank, and Basler Kantonalbank issued the bond, which will be listed on the SIX Swiss Exchange.
