CPH Chemie + Papier Holding AG refinances CHF 100m Swiss-franc bond

Niederer Kraft Frey advised CPH Chemie + Papier Holding AG (CPHN) on the placement of a CHF 100 million corporate bond on the Swiss capital market. The issue of the bond has a maturity of 5 years and an annual coupon of 2.0%. It is being coordinated by Credit Suisse. The transaction was closed on 12 October 2018.

The funds generated by this new bond issue will be used to refinance CPH’s current CHF 120 million 2014-2019 2.75% bond, which will be redeemed on 10 July 2019.

CHP is an internationally active and diversified industrial group which is headquartered in Switzerland. The CHP Group develops, manufactures and distributes chemical products, wood-based paper and pharmaceutical packaging films.

The NKF team was led by Capital Markets partner Christoph Balsiger and Corporate/M&A partner Manuel Werder, working with associate Samuel Hochstrasser, Capital Markets.