09/09/2016, 17:30
| Ad hoc announcement pursuant to Art. 53 LR
Lausanne – Alpiq Holding Ltd. (Alpiq) has successfully completed its third buyback of bonds due between 2017 and 2021. Overall, bonds totalling CHF 218 million will be repurchased. With this measure, the company is further decreasing its gross debt and funding costs.
The tender offer was limited to a maximum nominal value of CHF 300 million and applied to three outstanding bonds due 13 April 2017, 25 November 2019 and 20 September 2021 with a total nominal value of CHF 812.7 million. The tender offer ended on 9 September 2016. In total, Alpiq bonds with a nominal value of CHF 218 million were tendered for buyback. Of these, Alpiq accepted all. The repurchased bonds will be settled and cancelled as per 14 September 2016.
Thus, the third buyback has also been successfully concluded, enabling Alpiq to further reduce its future annual interest payments.