Germany based Construction & Building Materials Hochtief AG has finalised a private placement in the CHF Fixed Rate Alpine Bond market. The financing matures in 2032 and was executed by a single dealer.
An Alpine bond is a CHF-denominated bond issued by a non-Swiss entity in the Swiss Foreign Bond market.
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| Issuer Details | |
| Issuer | Hochtief AG |
| LEI | 529900Y25S8NZIYTT924 |
| Industry | Construction Materials |
| Country | Germany |
| Issuer Description | HOCHTIEF is an engineering-led global infrastructure group with leading positions across its core activities of construction, services, and conces-sions/public-private partnerships (PPP). HOCHTIEF's success operating in these segments is based on our expertise in development, financing, construction, and operations gained in almost 150 years of experience. The Group’s activities focus on the North American, Australian, and European markets. Regarding ESG, during 2021, HOCHTIEF accelerated its focus on environmental, social and governance (ESG) priorities. HOCHTIEF fully supports the goals of the Paris Climate Agreement to stop global warming and to achieve climate neutrality by 2050 and HOCHTIEF's ambition is for the Group to reach this objective well ahead of schedule. HOCHTIEF's Sustainability Plan 2025 has been approved and HOCHTIEF has announced the target to be climate-neutral in 2045. In 2021 HOCHTIEF's sales stood at 21.4bn. The largest shareholder is ACS with 50.41%.. HOCHTIEF is one of the world's leading construction groups. We have excelled for 140 years in our core competency of construction. Our focus is on complex infrastructure projects, many of which we deliver on the basis of concession models. We additionally develop and operate real estate and facilities. |
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| Trade Details | |
| Security Type | Bond |
| Amount | CHF [Login to see full details] |
| Total Amount including taps | CHF [Login to see full details] |
| Total Amount Outstanding | CHF [Login to see full details] |
| Total Order Book | CHF [Login to see full details] |
| Structure | Fixed Rate |
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| It came at a spread of [Login to see full details] in the Alpine bond market. | |
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An Alpine bond is a CHF-denominated bond issued by a non-Swiss entity in the Swiss Foreign Bond market.
Check here for all issuer’s year to date financings.