Home / Knowledge / News / Textiles / SGS launches 10 year benchmark bond maturing in 2024
SGS launches 10 year benchmark bond maturing in 2024
Feb '14
SGS announces the launch of a new 10 year benchmark bond maturing in 2024 and in addition an offer to holders of the existing 2016 CHF 625 million Bonds, subject to applicable offering restrictions, to exchange their existing 2016 Bonds, with a minimum exchange amount of CHF 100 million and a maximum exchange amount of CHF 400 million, into new bonds with a term of 8 years (the new 2022 Bonds). 
The existing 2016 Bonds not instructed in the exchange offer will remain listed on the SIX Swiss Exchange.
The new 2022 Bonds will be priced on or about 20 February 2014 at a spread over 8-year CHF mid-swaps, such spread expected to be announced on 7 February 2014. 
The coupon of the new 2022 Bonds will be equal to the new 2022 Bond yield (subject to rounding in accordance with market convention) being the sum of the new 2022 Bonds spread expected to be in the range of 23 to 28 basis points and the 8-year Swiss Franc Mid-Swap Rate to be announced on or about 20 February 2014. 
The exchange ratio will be the exchange price of 104.250% divided by the new 2022 Bonds price being approximately 100%, adjusted to rounding in accordance with market convention.
Through these two transactions SGS seeks to take advantage of favorable market conditions and optimize and extend its debt maturity profile.


Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search