By Marisa Wong
Madison, Wis., July 8 – Citychamp Watch & Jewellery Group Ltd. said its wholly owned subsidiary, Citychamp Watch & Jewellery SwissCo AG, priced CHF 100 million five-year bonds on Monday.
The bonds were priced at par with a coupon of 3 5/8%.
The bonds will be issued to institutional and private investors.
Proceeds will be used for general corporate purposes, including the acquisition of additional watch companies or brands.
Formerly known as China Haidian Holdings Ltd., Citychamp manufactures and distributes watches and timepieces. The parent company is based in Hong Kong.
| Issuer: | Citychamp Watch & Jewellery SwissCo AG
|
| Guarantor: | Citychamp Watch & Jewellery Group Ltd.
|
| Issue: | Bonds
|
| Amount: | CHF 100 million
|
| Maturity: | July 24, 2019
|
| Coupon: | 3 5/8%
|
| Price: | Par
|
| Yield: | 3 5/8%
|
| Pricing date: | July 7
|
| Settlement date: | July 24
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
