September 23, 2020 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression successfully issued a CHF 100 million bond
Burckhardt Compression successfully issued today a CHF 100 million bond on the Swiss capital market. The bond is primarily intended to finance the recently announced acquisition of the remaining 40% stake in Shenyang Yuanda Compressor, based in Shenyang, China.
Burckhardt Compression issued a CHF 100 million bond with a maturity of 4 years and a coupon of 1.50%. With this bond the company primarily finances the recently announced acquisition of the remaining 40% of Shenyang Yuanda Compressor based in Shenyang, China. The issue was lead managed by Zürcher Kantonalbank. The bond will be listed on the SIX Swiss Exchange.