Successful bond issue by the Bell Food Group
On October 31, 2023, the Bell Food Group successfully placed two bonds totaling CHF 270 million on the Swiss capital market. The first bond has a nominal amount of CHF 110 million at an interest rate of 2.30 percent and a term until 2026. The second bond runs for CHF 160 million at an interest rate of 2.65 percent until 2031. The bonds were very well received in the Swiss capital market and confirm this the trust of investors in the substance and creditworthiness of the Bell Food Group.
The net proceeds will be used for general financing purposes, in particular for the Swiss investment program and to refinance the bond, which expires on February 1, 2024. As part of this investment program, the Bell Food Group is investing in its Swiss core business to further strengthen its performance. In this way, the meat and convenience specialist secures its most important source of income sustainably and in the long term.
About Bell Food Group
The Bell Food Group is one of the leading meat and convenience processors in Europe. The offering includes meat, poultry, charcuterie, seafood as well as convenience and vegetarian products. With various brands such as Bell, Eisberg, Hilcona and Hügli, the group covers a wide range of customer needs. Customers include retail, food service and the food industry. Around 13 employees generate annual sales of over CHF 000 billion. The Bell Food Group is listed on the Swiss stock exchange.
