Home Legal Advice Hogan Lovells advises va-Q-tec on the position of a bond within the...

Hogan Lovells advises va-Q-tec on the position of a bond within the quantity of CHF 25 million


Led by Frankfurt associate Michael Schlitt, global regulation agency Hogan Lovells has suggested va-Q-tec AG in reference to the position of a non-subordinated, unsecured bond with a time period of 5 years and an combination principal quantity of CHF 25 million. The placement was accomplished early as a result of nice interest of traders.

The coupon of the bond was set at 3¾ p.c every year. The firm plans to make use of the online proceeds from the bond for additional investments within the container and container fleets, for the refinancing of present liabilities, and for normal financing functions.

The fee of the bond and its provisional admission to official citation on the SIX Swiss Exchange AG will happen on 30 November 2020. Helvetische Bank AG acted as lead supervisor and agency underwriter of the bond.

va-Q-tec is a pioneer for extremely environment friendly merchandise and options within the space of thermal insulation (so-called “super thermal insulation”) and temperature-controlled provide chains (so-called TempChain logistics). Recently, the Company has entered right into a complete agreement in reference to the progress within the improvement of CoVid-19 vaccines, as lots of the vaccines require fixed temperatures right down to -70 levels Celsius throughout transportation.

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