The tender offer will last from 8 June 2015 to 19 June 2015. Publication of the final results of the buyback is expected on 22 June 2015. The bonds bought back will be cancelled.
In July 2014, Alpiq concluded the successful buyback of bonds due 2015-2018. The company reduced its gross debt by CHF 543.4 million with this transaction. Concurrently, Alpiq launched a new senior bond for CHF 300 million and with a tenor of 10 years to the market. In doing so, Alpiq extended and optimised its maturity profile of financial liabilities in line with its strategy.