GF procures long-term funding
The bond has been issued through a bank syndicate led by Zürcher Kantonalbank, UBS and Commerzbank at a price of 100.331%. Through this emission, GF is taking advantage of the favorable capital market conditions in order to refinance on a long-term basis its existing 1.5% bond 2013-2018 over CHF 150 million which is due on 12 September 2018.
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GF comprises three divisions: GF Piping Systems, GF Casting Solutions, and GF Machining Solutions. Founded in 1802, the Corporation is headquartered in Switzerland and is present in 34 countries with 136 companies, 57 of them production facilities. Its 15ʼ835 employees generated sales of CHF 4ʼ150 million in 2017. GF is the preferred partner of its customers for the safe transport of liquids and gases, lightweight casting components, and high-precision manufacturing technologies.
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