Corestate Capital Holding S.A. has issued a corporate bond with a volume of c.€300m. Fully placed with institutional investors, the bond has a maturity of five years and an annual coupon of 3.5%.
Lars Schnidrig, Chief Financial Officer of Corestate: “The successful placement in a volatile market environment reflects the trust the capital market has in our sustainable business model and enables us to further reduce our financing costs and to optimize our capital structure. The access to the bond market also forms an integral part in the implementation of our long-term growth strategy.”
The proceeds of the issue will be used to refinance existing loans at better rates as well as for the continuation of the growth strategy.