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Kuehne + Nagel issues CHF 400m inaugural bonds
In the ordinary course of financing Kuehne + Nagel International AG issued two inaugural bonds. The proceeds of both bonds will be used for general corporate purposes.
The first bond has a fixed coupon of 0.02% and a tenor of 3 years 5 months, maturing on November 18, 2022. The second bond has a fixed coupon of 0.20% and a tenor of 6 years, maturing on June 18, 2025.
“These bond issues allow Kuehne + Nagel to benefit from the current attractive interest rates and to optimise the financing structure while enhancing our strategic flexibility. We see it as an additional opportunity to engage with the Swiss Capital Market to support our strategy”, says Markus Blanka-Graff, CFO Kuehne + Nagel International AG.