SIX, the operator of the Swiss and Spanish financial market infrastructures, has completed the issuance of a CHF 250 million digital bond.
The bond carries a 1.00% annual coupon and matures in 2032.
It attracted substantial investor interest and will be listed on the SIX Swiss Exchange.
Proceeds from the issuance will be used for general corporate purposes, which may include the refinancing of existing debt and supporting the planned acquisition of Aquis Exchange Plc, as previously announced by SIX on 11 November 2024.
Daniel Schmucki, Chief Financial Officer of SIX, said:
“This transaction marks the return of SIX to the CHF bond market since its last issuance in 2021. We are delighted with the strong investor demand, which highlights investor trust in the growth strategy of SIX and reinforces our reputation as a trusted and stable partner in the financial markets. The proceeds will further strengthen our financial flexibility, enabling us to continue delivering innovative solutions and creating value for our stakeholders.”
In November 2024, Standard and Poor’s Global Ratings reaffirmed the issuer credit rating of SIX Group AG at A, and its subsidiaries SIX x clear AG and SIX SIS AG at A plus.
The bond is expected to be assigned a rating of A.
Raiffeisen Schweiz Genossenschaft, UBS AG and Zürcher Kantonalbank acted as joint lead managers for the issuance.
Featured image credit: SIX
