VAT issues 1.50% CHF 200,000,000 Inaugural Bond Offering
Niederer Kraft Frey acted as transaction counsel in connection with the inaugural CHF 200,000,000 bond offering by VAT Group AG (VAT). The bonds have an interest of 1.50% per annum and are due 2023. Credit Suisse acted as lead manager, while Raiffeisen Switzerland Cooperative and St. Galler Kantonalbank collectively acted as co-managers. The bonds will be SIX listed.
VAT is the leading global developer, manufacturer and supplier of high-end vacuum valves. VAT vacuum valves are mission-critical components for advanced manufacturing processes of innovative products used in daily life such as portable devices, flat screen monitors or solar panels.
The NKF team consisted of Capital Markets partner Philippe Weber working with counsel Christina Del Vecchio and associate Deirdre Ní Annracháin.