Zurich / CH. (aag) Swiss Aryzta AG announced on February 22 its intention to irrevocably redeem in full the remaining EUR 200 million of the Euro Hybrid bond, which has an interest rate of 6.82 percent. The call date of this transaction will be 28 March 2023. The transaction will be funded via cash from activities and other existing resources. Chair and Interim CEO Urs Jordi: «The redemption of the Euro Hybrid bond reflects our prudent and disciplined financial approach towards improving our capital structure and reducing our interest costs. It reflects our confidence in our business and is consistent with our midterm strategy.»
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