Building on the success of its first 2017 bond issue Genève Aéroport launches a new ten-year CHF 100 million bond issue with a coupon of 0.310%. The maturity date will be 27 June 2029.
Genève Aéroport’s (GA) sound financial status demonstrates good resilience to traffic development, which is lower than the growths of the previous years. Moreover, the 2018 CHF 151 million investments are a historical record, with many major projects in the pipeline, including the East Wing for long-haul flights and the Baggage Logistics Center (BLC), replacing the current baggage sorting system. The latter project, estimated at CHF 280 million, will be completed by 2022. All operations will be maintained in the meanwhile. In view of the many projects under way, investments in 2019 are expected to reach CHF 200 million.
[ATN]
