KUDELSKI COMPLETES CHF 150 MILLION BOND ISSUANCE Mittwoch, 31. August 2016 - 18:00
KUDELSKI COMPLETES CHF 150 MILLION BOND ISSUANCE
Cheseaux-sur-Lausanne, Switzerland, Phoenix, AZ, USA, August 31, 2016 – Kudelski SA (SIX: KUD.S), a leading independent provider of media protection and value-added service technology, raised CHF 150 million term debt through the issuance of a fixed rate domestic straight bond. The bonds bear a 1.50 % coupon and have a tenor of 8 years with a final maturity on September 27, 2024. Settlement date of the bonds is September 27, 2016 (ISIN CH 0336352809).
The Company hosted a fixed income roadshow on August 30 with presentations in Geneva and Zurich and leveraged on the strong interest from investors and favorable market environment to raise long term debt at competitive terms.
Proceeds will be used primarily for the refinancing of the existing bond maturing in December 2016 and for general corporate purposes.
The bonds were placed in majority with banks and private banks as well as some institutional investors in Switzerland under the joint lead -management of Credit Suisse AG and UBS AG. Banque Cantonale Vaudoise and Zürcher Kantonalbank acted as co-managers to the transaction.

