Yesterday, Unique (Flughafen Zürich AG) has issued a new bond in the amount of CHF 150 million on the Swiss Bond market at the interest rate of 3.125 per cent. The maturity date of the bond is June 14th, 2010 (4 years). The issue price was set at 100.30%.
The issue of the bond is part of the overall package to eliminate the risks associated with potential aircraft noise liabilities as it was announced by the company in March 2006. The proceeds of the bond will be used to transfer the cash pool balance of the Airport Zurich Noise Fund (which has been CHF 161.3 million at the end of 2005) into a separate account.