Kudelski completes CHF110 million bond issuance

Switzerland-based TV technology company Kudelski has completed the issuance of a five-and-a-half year CHF110 million (€89 million) straight bond with a fixed coupon of 3% in the Swiss domestic bond market.

Kudelski said the net proceeds of the transaction would be used for “general corporate purposes”, enabling it to diversify its financial resources and lengthen its average debt maturity profile.