u-blox places 60 million CHF bond issue
(WorldNews Switzerland)

Thalwil, Switzerland - March 21, 2017 - 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 1.375% coupon and have a duration of 6 years (final maturity April 18, 2023). Expected payment date of the bonds is April 18, 2017. A request for provisional admission for the listing of the bond as of April 12, 2017 at SIX Swiss Exchange is being submitted. The net proceeds of the issue will increase u-blox`s financial flexibility and are used...