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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Helvetia Holding AG    HELN   CH0466642201

HELVETIA HOLDING AG

(HELN)
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Helvetia : issues the first green hybrid bond worth CHF 200 million

11/13/2020 | 01:09am EST
Helvetia has successfully issued a first green hybrid bond worth CHF 200 million. It is thus enabling Helvetia investors to participate in and support its sustainability targets. The basis for the bond is Helvetia's Green Bond Framework. The funds will be used, among other things, to develop the company's real estate portfolio while taking sustainability criteria into account. Helvetia develops and manages its real estate portfolio itself and can thus implement measures across the entire life cycle in a targeted manner. Helvetia also invests in renewable energies and environmentally friendly mobility, either directly or indirectly. 'With our corporate responsibility strategy we specifically take account of environmental, social and governance aspects in our daily business activities. The green hybrid bond is a further step in the implementation of this approach', explains Annelis Lüscher Hämmerli, CFO at Helvetia.

The subordinated bond has been placed via the subsidiary Helvetia Swiss Insurance Company Ltd and is unlimited. The first optional redemption date is in May 2028. Until the first redemption date, the coupon is 1.75%.

The Green Bond Framework and the related Second Party Opinion can be downloaded at www.helvetia.com/bonds-and-rating.

This media release is also available on our website www.helvetia.com/media.

Disclaimer

Helvetia Holding AG published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 November 2020 06:08:03 UTC


© Publicnow 2020
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Financials
Sales 2020 9 838 M 11 092 M 11 092 M
Net income 2020 208 M 235 M 235 M
Net Debt 2020 1 300 M 1 466 M 1 466 M
P/E ratio 2020 26,1x
Yield 2020 5,59%
Capitalization 4 812 M 5 422 M 5 425 M
EV / Sales 2020 0,62x
EV / Sales 2021 0,56x
Nbr of Employees 6 829
Free-Float 65,2%
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Technical analysis trends HELVETIA HOLDING AG
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Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 81,20 CHF
Last Close Price 91,20 CHF
Spread / Highest target -6,80%
Spread / Average Target -11,0%
Spread / Lowest Target -13,8%
EPS Revisions
Managers and Directors
NameTitle
Philipp Robert Gmür Chief Executive Officer
Doris Russi Schurter Chairman
Annelis Lüscher Hämmerli Chief Financial Officer
Achim Baumstark Chief Technology Officer
Hans-Jürg Bernet Independent Director
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