GF takes advantages of favorable capital market conditions
GF raised today CHF 225 million on the Swiss capital market. The bond has a term of 10 years and carries a coupon of 0.875 percent.
The bond has been issued through a bank syndicate led by Credit Suisse at a price of 100.143 percent. Through this emission, GF is taking advantage of the favorable capital market conditions in order to refinance its existing 3.375 percent bond 2010 – 2016 over CHF 200 million, which is due on 12 May 2016.
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GF comprises three divisions GF Piping Systems, GF Automotive, and GF Machining Solutions. Founded in 1802, the Corporation is headquartered in Switzerland and is present in 32 countries, with 121 companies, 45 of them production facilities. Its approximately 14 400 employees generated sales of CHF 3.64 billion in 2015. GF is the preferred partner of its customers for the safe transport of liquids and gases, lightweight casting components in vehicles, and high-precision manufacturing technologies.
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