Niederer Kraft Frey has advised Kernkraftwerk Leibstadt on the placement of a CHF 200 million bond (CHF 175 million plus CHF 25 million top up) with a term to maturity of 5 years. The net proceeds will be used for general corporate as well as financing purposes. The bond was met with great interest and confirmed the trust placed in the substance and creditworthiness of Kernkraftwerke Leibstadt by the Swiss capital market.
Since 1984, Kernkraftwerk Leibstadt has been reliably producing electricity for two million households, which corresponds to around 14 percent of the electricity consumed in Switzerland. It thus makes a significant contribution to the domestic electricity supply for Swiss electricity consumers. The average annual production is over about 9,500 GWh in years with standard revisions.
The NKF team was led by capital markets partners Philip Spoerlé (pictured right) and Andrea Giger (pictured left), working with associate Benedikt Hadorn (capital markets) as well as partner Markus Kronauer (tax).