Winterthur, Switzerland -- Autoneum Holding has raised CHF 75m (EUR 68m) long-term debt by issuing Swiss public bonds on the SIX Swiss Exchange.
The bonds have a coupon of 1.125%, with maturity due on July 4, 2023 and a payment date of July 4, 2016, said the company.
It will facilitate the partial early refinancing of the bond in the amount of CHF 125m, which is due to expire on December 14, 2017. Autoneum said that will enhance the maturity profile of Autoneum group’s financing structure.
The proceeds will temporarily be used to reduce bank liabilities and for general corporate purposes.