With its new bond issuance worth CHF 400 million and a maturity of 7 years for CHF 245 million and 12 years for CHF 155 million, Alpiq is reinforcing its long‑term financial foundation and expressing confidence in its strategic direction. The transaction strengthens financial flexibility, extends the company’s maturity profile and underscores Alpiq’s continued access to capital markets on attractive terms. In this interview, Peter-Wim Gerssen, CFO of Alpiq, explains how the bond reflects the company’s financial strength, why long-term financing is a deliberate strategic choice, and how disciplined capital management supports Alpiq’s positioning in a transforming energy market.
Peter-Wim, Alpiq has isued a new bond. Before we go into the details – why is this an important step for the company at this point in time?
This bond issuance is a deliberate and proactive step. We regularly review our capital structure to ensure Alpiq remains financially strong across market cycles. In the current environment, we identified a good opportunity to secure long-term funding and chose to act early rather than wait. By doing so, we strengthen our financial flexibility and extend our maturity profile. This is about disciplined financial management and long-term planning, not reacting to short-term market movements.
What does this bond issuance say about Alpiq’s financial position and its access to capital today?
It highlights the strength of our balance sheet and our solid liquidity position. The successful placement also reflects the confidence that investors and banks have in Alpiq – in our business model, our strategy and our ability to generate resilient cash flows. Over time, we have established ourselves as a reliable issuer. This transaction confirms that Alpiq continues to be viewed as a credible and trustworthy partner in the capital markets.
You deliberately opted for a longer duration. Why was this an important element of the transaction?
Our assets and infrastructure investments are inherently long-term – and our financing should reflect that. A longer maturity gives us greater planning certainty and reduces refinancing risks over time. It also sends a clear signal: Alpiq is thinking long term and is confident in its future development and cash generation.
This bond ensures that we have the financial stability and flexibility needed to pursue our priorities in a disciplined and forward-looking way.
How does this bond fit into Alpiq’s broader long-term strategy as an energy company?
Financing is not an end in itself – it enables our strategy. Our long-term strategy focuses on strengthening our core activities, investing in flexibility where we see sustainable value creation, and maintaining resilience in a changing energy landscape. This bond ensures that we have the financial stability and flexibility needed to pursue these priorities in a disciplined and forward-looking way.
The energy sector is undergoing profound transformation. What does this bond signal to the capital markets about Alpiq’s positioning in this environment?
The energy transition brings both opportunities and volatility. Our message is that Alpiq is well positioned to navigate this environment with resilience and financial discipline. We focus on flexible assets that are essential for security of supply and for enabling the energy transition. Our ability to secure long-term financing underlines our credibility as an energy company that understands the dynamics of the transition and manages them with a clear financial framework and a long-term horizon.
