ABB raises CHF 825 million
Published
The technology group ABB has placed a bond on the market. With a so-called triple tranche, the company raises a total of CHF 825 million. A triple tranche means that the bond is divided into three parts with different maturities. In this way, the group can spread its financing across different time periods.
The bond shows that large Swiss companies can still raise money on the capital market. ABB is one of the best-known industrial companies in the country and has its headquarters in Zurich. The group manufactures, among other things, drives, robots and power grid technology. According to the available information, the funds are to be used for general corporate financing.
For investors, such an issue is a signal of confidence in the company's creditworthiness. The exact interest rates and maturities of the individual tranches are set out in the group's documents. Anyone wishing to buy the bond must inform themselves about these terms.
Overall, the news is primarily relevant for financial markets and economic observers. It shows how large companies in Switzerland finance their growth and investments. The group is expected to announce further details in the coming weeks.
Sources: MarketScreener Schweiz
More Switzerland news
- Olympic Winter Games 2038 in Switzerland? Private deficit guarantee is meant to pave the way
- Database Records 1,900 Swiss Banks Since the 18th Century
- Christoph Dürr achieves best Swiss result
- Swiss TPH builds new apartments at Bachgraben
- Swiss Re is among the highest-dividend SMI stocks
- AfD and Switzerland: Connections Come Into Focus
- Swiss Stock Exchange: SMI Extends Gains
- Swiss Ski: Three Highlights for Fans Beyond the Race Course