Alpiq announces third buyback of bonds

Lausanne – On 30 August 2016, Alpiq launched a tender offer for up to CHF 300 million of its outstanding bonds. With this measure, the company intends to further decrease its gross debt and funding costs.

Alpiq Holding Ltd. has launched another tender offer for up to a maximum of CHF 300 million of its outstanding bonds due between 2017 and 2021. With this measure, Alpiq intends to further decrease its gross debt and funding costs in line with its strategy.

The tender offer starts on 30 August 2016 and ends on Friday, 9 September 2016. The results of the buyback will be published on 12 September 2016. The settlement is scheduled for 14 September 2016. The repurchased bonds will again be cancelled.

Alpiq already launched tender offers in 2014 and 2015. This enabled the company to reduce its gross debt in line with its strategy.