GF raises CHF 650 million on the Swiss debt capital market
Today, GF raised CHF 650 million on the Swiss debt capital market and launched herewith the largest bond volume in GF’s history. Due to heightened investor interest, GF was able to exceed the initial target volume of CHF 400-500 million by a substantial margin. The new bonds were issued in two tranches with terms of 3 and 7 years. The 3-years bond reached a volume of CHF 300 million at a coupon of 1.25% and the 7-years bond reached a volume of CHF 350 million at a coupon of 1.55%. The bonds have been issued through the lead banks UBS AG and Zürcher Kantonalbank.
Through this emission, GF is taking advantage of the improved capital market conditions and reached at the same time an important milestone regarding the repayment of bridge loan facilities. These were provided for the financing of the acquisition of the Finnish company Uponor in November 2023.
The bonds will be listed on the SIX Swiss Exchange and the payment day will be 11 December 2024.
DISCLAIMER
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, CANADA OR AUSTRALIA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES NOR DOES IT CONSTITUTE A PROSPECTUS WITHIN THE MEANING OF ARTICLE 652A OR 1156 OF THE SWISS CODE OF OBLIGATIONS OR A LISTING PROSPECTUS PURSUANT TO THE LISTING RULES OF THE SIX SWISS EXCHANGE.
For further information, please contact:
Beat Römer, Head Corporate Communications
+41 (0) 79 20 04 00, media@georgfischer.com
Nadine Gruber, Head Investor Relations
+41 (0) 79 698 14 87, ir@georgfischer.com
With its four divisions GF Piping Systems, GF Building Flow Solutions, GF Casting Solutions, and GF Machining Solutions GF offers products and solutions that enable the safe transport of liquids and gases, as well as lightweight casting components and high-precision manufacturing technologies. As a sustainability and innovation leader, GF has been striving to achieve profitable growth while offering superior value to its customers for more than 200 years. Founded in 1802, the Corporation is headquartered in Switzerland and present in 45 countries with 187 companies, 76 of which are production companies with 105 facilities. GF’s 19’824 employees worldwide generated sales of CHF 4’026 million in 2023.
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