Change in the Executive Board - Successful debut bond
Published on 4/26/2018 by Christian Jecker
Beat Zwahlen appointed new Chief Financial Officer (CFO) of the MCH Group
Beat Zwahlen is the new Chief Financial Officer (CFO) and member of the Executive Board of the MCH Group. The 58-year-old financial expert who lives in Widen (Canton Aargau) is joining the MCH Group on 1 May 2018 and taking over the responsibility for the Corporate Finance Department. With his multi-faceted professional background, Beat Zwahlen has in-depth knowledge of different industries and companies and also of a broad range of tasks. As a business economist (UAS) and certified accountant, he has held various senior posts to date, including at Landis & Gyr (Europe) AG in Zug, Rieter Automotive Management AG in Winterthur, Schaffner Holding AG in Luterbach, Uniwheels AG in Bad Dürkheim (Germany) and Belux AG and Vitra International AG in Birsfelden.
The new CFO is taking over from Christophe Biollaz, who announced on 1 December 2017 that he would be leaving the MCH Group in the course of 2018. He joined the company on 1 December 2013 and has held the post of CFO since 1 January 2014. The Board of Directors and the management would like to thank him for the great commitment and valuable impetus that he has contributed to the MCH Group over the past years, and especially for boosting the group’s financial competence and playing such an active role in its strategic realignment.
MCH Group Ltd. is issuing a bond for CHF 100 million
Today, MCH Group Ltd. has, for the first time and with success, placed a CHF 100 million bond on the Swiss capital market. The issue has been accepted highly positively by the market. The bond has a coupon rate of 1.875 % and a term of 5 years. It has been issued under the lead management of the Zürcher Kantonalbank and Credit Suisse, supported by the Basler Kantonalbank and the Basellandschaftliche Kantonalbank. Payment is scheduled for the 16 May 2018. An application is being submitted for admission to trading on the SIX Swiss Exchange.
MCH Group Ltd. has launched this longer-term bond in order to take advantage of the current market conditions and to optimise the group’s financing structure. The proceeds of the transaction are to be used to partially refinance existing debts and to secure strategic scope for manoeuvre and the group's business operations.
This media information regarding the debut bond issue is not an issue prospectus under the terms of Art. 652A or Art. 1156 of the Swiss Code of Obligations and does not constitute a listing prospectus as per the SIX Swiss Exchange Listing Regulations. It serves solely to provide information and does not constitute an offer, an invitation to make an offer or an invitation to acquire bonds.
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MCH Group AG
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