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This is the second green bond from BKW, with the first issued in 2019. At the time it was the first green bond issued by a listed Swiss company for trading on the SIX Swiss Exchange.

The second tranche is a plain-vanilla bond of CHF 200 million with a coupon of 0.875% and a term of 4 years. This plain-vanilla bond is intended to refinance the bond worth CHF 200 million, which will mature at the end of April.

With its dual-tranche bond, BKW is using financing conditions on the capital markets - which remain historically attractive - to fund the growth strategy which it presented at the Capital Markets Day in October 2021.

Both bond terms fit perfectly into the existing maturity profile. The bond will be settled on 27 April 2022. The issuance was led by BNP Paribas (Suisse) SA, UBS AG and Zürcher Kantonalbank. The bond will be listed on the SIX Swiss Exchange.

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BKW AG published this content on 05 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2022 16:07:11 UTC.