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.”