The two bonds will be used for seamless, long-term refinancing of the existing bond of CHF 200 million, which is due for repayment on 2 October 2014. The issue price for the six-year bond amounted to 100.182% and for the ten-year bond 101.001%. Under the lead management of Credit Suisse and the co-lead of Zurich Cantonal Bank and Raiffeisen Schweiz as co-managers, the offering met with strong demand from institutional and private investors. Both bonds will be offered for public subscription at market rates until 26 September (Swiss security number six-year bond: 25,361,353; ten-year bond: 25,361,354).
Issuing the bonds has enabled the Group to secure favourable market conditions and lengthen the average maturity of its financial liabilities.
Simply great machines
Bucher Industries is a global technology group with leading market positions in speciality areas of mechanical and vehicle engineering. The divisions include specialised agricultural machinery, municipal vehicles, hydraulic components, manufacturing equipment for the glass container industry, beverages production, environmental technology and automation. The group's shares are traded on the SIX Swiss Exchange (SIX:BUCN).