| Media release
On 30 August Swissgrid Ltd successfully placed a bond in the shorter maturity segment on the capital market. It has a volume of CHF 150 million.
Swissgrid has already successfully entered the capital market on August 20, 2021, placing a double-tranche bond in the mid-maturity segment. Today, Swissgrid launched a bond in the shorter maturity segment. It comprises CHF 150 million with a coupon of 0.00% and a maturity of 4.75 years. The bonds will be listed on the SIX Swiss Exchange.
The income from this bond will be used to partially refinance the convertible loans that Swissgrid shareholders extended to the company as part of the transfer of the transmission grid, to settle parts of the final remuneration for the transferred transmission grid assets as well as to finance ongoing investments.
Swissgrid will continue to access the capital market as required in future in order to fulfil its role and guarantee grid security in the long term.