Burckhardt Compression has successfully issued a CHF 100 million bond on the Swiss capital market.
The bond is primarily intended to finance the recently announced acquisition of the remaining 40% stake in Shenyang Yuanda Compressor, based in Shenyang, China.
The bond has a maturity of four years and a coupon of 1.50%.
The issue was lead managed by Zürcher Kantonalbank. The bond will be listed on the SIX Swiss Exchange.