As at 31 December 2023 and 2022, neither properties nor other assets were pledged to secure available credit lines. Credit lines with Swiss banks (without securities) totalled CHF 382 million (31.12.2022: CHF 382 million), of which CHF 134 million was unused as at 31 December 2023 (31.12.2022: CHF 317 million).
In 2023, the CHF 140 million bond, maturing on 9 October 2023, with a coupon of 0.05%, was paid on the redemption date.
In 2022, the CHF 180 million bond, maturing on 3 October 2022, with a coupon of 0.75%, was repaid on the redemption date.
As at the balance sheet date, the following bond is outstanding:
ISIN
CH 0589030979
Trading currency
CHF
Issuing volume
115 million
Listing
SIX Swiss Exchange
Coupon
0.25%
Tenor
4 years
Payment date
15 Feb 2021
Redemption date
14 Feb 2025
As at the balance sheet date, amounts falling due are as follows:
CHF 1,000
Due within the first year
Due within the second year
Due within the third year and beyond
31.12.2023
Interest rate
Bank loans
247,000
-
-
247,000
2-3%
Private placements
35,000
35,000
1-2%
Bonds
115,000
-
115,000
0-1%
Total financial liabilities
282,000
115,000
-
397,000
CHF 1,000
Due within the first year
Due within the second year
Due within the third year and beyond
31.12.2022
Interest rate
Bank loans
64,000
-
-
64,000
1-2%
Bonds
140,000
-
115,000
255,000
0-1%
Total financial liabilities
204,000
-
115,000
319,000
The interest maturity periods correspond to the above-listed maturities. The weighted average interest rate of the outstanding financial liabilities as at 31 December 2023 stands at 1.66% (31.12.2022: 0.39%).
Accounting principles
Financial liabilities are stated at nominal value.
Issuance costs, reduced by the amount of the premium, are charged in full to the income statement upon issue of the bond.
Bonds due for repayment within the next 12 months are reported under current financial liabilities.
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