The net proceeds from the issuance will be used to refinance the bond maturing in September 2025 and for general corporate purposes
Sulzer has successfully placed two bonds on the Swiss debt capital market with a combined value of CHF 330 million.
The first tranche of CHF 230 million has a maturity of four years and will be issued at 100%. It carries a fixed annual coupon of 1.1375%.
The second tranche of CHF 100 million has a maturity of seven years and will be issued at 100.00%. It carries a fixed annual coupon of 1.3650%.
The net proceeds from the issuance will be used to refinance the bond maturing in September 2025 and for general corporate purposes.
UBS acted as sole lead manager.
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