IR-Center Handelsblatt

Cembra Money Bank AG

News Detail

Ad hoc news News vom 04.07.2019

Cembra Money Bank has placed a CHF 150 million Additional Tier-1 Bond at a coupon of 2.5%

Media release, 4 July 2019 (pdf)

Zurich – Today, Cembra Money Bank AG has placed a CHF 150 million Additional Tier-1 perpetual Bond (AT1 Bond) at a coupon of 2.5%. The issue price is CHF 100.00 and payment will be made on 15 July 2019. The bond has a BB rating by Standard and Poor’s and it will be traded on the SIX Stock Exchange.

With the AT1 Bond, Cembra Money Bank has pursued the third capital market transaction following the announcement of the acquisition of cashgate AG on 1 July 2019. Earlier this week, Cembra had successfully placed 4% of share capital and launched a CHF 250 million convertible bond. The proceeds will be used to finance a part of the acquisition of cashgate AG and for general corporate purposes.

Pascal Perritaz, Chief Financial Officer, said: ‎“We are very pleased with the placements over the last few days. Our balanced and diversified financing enables us to keep our financial flexibility for continued profitable growth.”

Contacts
Media:	Andreas Werz; +41 44 439 85 12; andreas.werz@cembra.ch
Investor Relations:	Marcus Händel; +41 44 439 85 72; investor.relations@cembra.ch
Key date
23 July 2019	Publication of half-year 2019 results and interim report

About Cembra Money Bank
Cembra Money Bank AG is a leading Swiss provider of consumer finance products and services. Its product range includes personal loans, auto leases and loans, credit cards and insurance sold with those products as well as invoice financing, deposit and savings products. Headquartered in Zurich-Altstetten, the Bank has operations across Switzerland via a network of 16 branches as well as alternative sales channels such as the Internet, credit card partners, independent agents and more than 3,900 car dealers. Cembra Money Bank AG is an independent Swiss bank and has been listed on the SIX Swiss Exchange since 2013. It has over 850 employees from 37 nations and about 870,000 customers.

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