Conservative debt profile
2016 Full year results
April 2016, reimbursement of USD 55 million (CHF 53 million) private placement, with an annual interest rate of 5.49%.
December 2016, reimbursement of CHF 150 million Straight Bond with an annual interest rate of 1.250%.
In December 2016, the Group issued two straight bonds of respectively CHF 100 million with 6 years maturity and a coupon of 0.000% and CHF 200 million with 15 years maturity and a coupon of 0.625%.