Financial news


30 Mar 2015

u-blox places 60 million CHF bond issue (2015)

Press release

Thalwil, Switzerland – March 30, 2015 – Today, u-blox Holding AG (SIX Swiss Exchange: UBXN) successfully raised CHF 60 million debt through the issuance of a fixed rate domestic straight bond. The bonds bear a 1.625% coupon and have a tenor of 6 years (final maturity April 27, 2021). Expected payment date of the bonds is April 27, 2015. A provisional admission to trading of the bonds starting on April 23, 2015 on the SIX Swiss Exchange will be submitted.

The net proceeds of the issue will increase u-blox‘ financial flexibility, ensuring the Group's financing for the coming years.

The bonds were placed with institutional and private investors in Switzerland under the lead management of Credit Suisse AG and with Zürcher Kantonalbank acting as a co-manager.