Valora raises a new Schuldschein issue worth EUR 100 million and CHF 63 million with a five-year term
21.12.2018, Valora successfully placed a Schuldschein issue for EUR 100 million with a five-year term on the banking market on 20 December 2018. At the same time, Valora was the first company to market a CHF tranche for CHF 63 million. Through this transaction, it is refinancing a maturing EUR Schuldschein issue and part of the CHF hybrid bond as well as optimising its long-term financing structure.
Tobias Knechtle, CFO of Valora, comments: “Valora is optimising its long-term financing structure and further reducing its financing costs with its fourth Schuldschein issue transaction in five years.” Remo Gazzi, Corporate Treasurer at Valora, explains: “The CHF tranche we marketed as the first company to do so since the inception of the Schuldschein market in Switzerland was placed at extremely competitive conditions compared to the Swiss capital market. We have also chosen digital parallel marketing via Debtvision for the first time for this transaction.”
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