The first bond of Genève Aéroport enjoys great success among investors
Genève Aéroport launched Wednesday, 30 August 2017 a CHF 175 million bond with a 0.400% coupon and 10-year term (maturity on 20 September 2027).
For the first time in its history, Genève Aéroport has decided to finance itself on the capital market. After the successive presentations in Geneva and Zurich, the operation enjoyed a strong demand from a wide range of investors. This bond issue is part of the new investment strategy of Genève Aéroport. It will allow the managers of this independent public institution to extend the maturity of the company’s debt with favourable fixed rates.This bond was conducted under the joint guidance of Credit Suisse, Zuercher Kantonalbank and Banque Cantonale de Genève.
According to André Schneider, CEO of Genève Aéroport, “the success of this first bond reflects the investors’ confidence in the sustainable development strategy of Genève Aéroport, which puts this infrastructure at the service of the economic development in the region while limiting its impact on the environment, the territory and the people who inhabit it. This fundraising will allow our airport to continue to finance major investments in more favourable conditions, particularly the East Wing, which will house boarding lounges that are mainly dedicated to the long-haul flights and whose inauguration is scheduled for 2020. By 2030, the number of our passengers will probably reach 25 million, versus 17 million expected in 2017, and it is important to be able to welcome them in the best conditions of comfort and safety, while limiting the environmental impact.”
For any further information :
Bertrand StämpfliHead of institutional Communicationbertrand.email@example.com