Varia US Properties announces repayment of bond of CHF 50 million

Despite a strong interest from the market for a roll-over, Varia US Properties AG announces its strategic decision to reduce its leverage and to pay back the bond VAR19 (ISIN: CH 047 974 437 4) with an initial aggregate principal amount of CHF 50 million. The bond VAR19 with a coupon of 3.0% and a tenor of four years was issued by the Company on 20 June 2019 and is due on 20 June 2023. Re-payment to creditors will be processed on 20 June 2023.

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