Global Switch's inaugural bond issue has been highly commended in the 2011 Treasurer Deals of the Year Awards. Its €600 million bond issue was runner up to the Deal of the Year in the prestigious Corporate Finance Category.
According to the judging panel, good timing and execution marked Global Switch's first visit to a public capital market last April. Global Switch completed its investment-grade bond offering for €600 million - increased from an initial €500 million following over-subscription - to diversify funding sources, repay shareholder loans and facilitate growth plans.
Global Switch is a Reuben Brothers company.
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The Treasurer Deals of the Year Awards are the only treasury awards where the winners are judged by fellow practitioners. They celebrate the achievements of the corporate treasurer in successfully accessing the debt and equity markets on behalf of their company. All types of deal are considered and judged on the basis of demonstrating innovation and excellence in treasury, rather than on the size of the deal. In addition, the Treasury Team of the Year Awards recognises the all round contributions of treasury teams to business success. www.treasurers.org