Kuehne + Nagel Group
Kuehne + Nagel successfully issues two inaugural bonds for a total of CHF 400 million
- CHF 200 million with a fixed coupon of 0.02% and a tenorof 3 years 5 months
- CHF 200 million with a fixed coupon of 0.20% and a tenorof 6 years
Schindellegi / CH, May 28, 2019 – In the ordinary course of financing Kuehne + Nagel International AG today 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.
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