Mobimo issues 225 million bond
Mobimo Holding AG issued a CHF 225 million bond on February 21. The term is nine years, the coupon is 0.75 percent.
Mobimo intends to use the funds generated by the transaction to repay existing short-term financial liabilities and to finance ongoing projects in the pipeline as well as general business activities.
Zürcher Kantonalbank, Credit Suisse and UBS acted as joint lead managers of the transaction, with Vontobel and Reichmuth & Co. as co-lead managers. Trading of the bond on the SIX Swiss Exchange has been applied for.
The real estate company's portfolio has a total value of CHF 2.7 billion and consists of investment and development properties in German- and French-speaking Switzerland. The investment volume of development properties for the company's own portfolio amounts to just under CHF 0.8 billion.
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