Investor Relations (in english)
The City of Zurich is a frequent issuer of bonds on the Swiss debt capital market. Bonds are listed at the SIX Swiss Exchange.
Key Financials
| Financial positions | FY 2017 | FY 2018 |
|---|---|---|
| Tax rate (in %) | 119 | 119 |
| Population City of Zurich (population by civil law) | 403 268 | 409 222 |
| Tax revenues (in in million CHF) | 2896,7 | 2945,1 |
| Net result income statement (in million CHF) – Excess espenditures/+Excess revenues | 152,6 | 107,8 |
| Net investment in administrative assets (in million CHF) | 1427 | 916,2 |
| Total assets (in million CHF) | 13 250,9 | 13 154,3 |
| Total equity (in million CHF) | 1 167,9 | 1 275,7 |
| Self-financing ratio (in %)¹ | 77,2 | 104,1 |
| Interest charge to tax income (in %) | –2,4 | –2,3 |
| Net debt (in million CHF) | 3968,8 | 3928,1 |
¹ The self-financing ratio of 2017 is impacted by reclassification of residential properties of CHF 630.6 million from financial to administrative assets. Self-financing ratio is at 138.4 % exlucing the impact of reclassification.
Publikationen und Grundlagen
Rating
The City of Zurich is not officially rated by one of the international credit rating agencies. The following outlined ratings comply with banking internal criteria.
Rating
| Banks | Rating | Latest Update |
|---|---|---|
| Credit Suisse | High AA, outlook stable | September 2018 |
| Zürcher Kantonalbank | AA, outlook stable | July 2018 |
Bonds
Debt summary as of 31.12.2018
Bonds
| Total financial liabilities (in million CHF) | 5468 |
| of which short term | 319 |
| of which long term | 5149 |
| Average coupons on outstanding bonds | 2,01 % |
| Average remaining life of financial liablities | 9,2 years |
| Proportion of fixed interest rates on financial liabilities | 100 % |
Debt maturity profile (in million CHF)
Outstanding bonds
| Coupon | Nominal (in Mio. CHF) | Issuance | Maturity | Security number | Remarks |
|---|---|---|---|---|---|
| 0,25 % | 150 | 2014 | 21.08.2019 | 24'889'057 | |
| 2,13 % | 250 | 2010 | 10.06.2020 | 10'915'274 | |
| 3,50 % | 150 | 2008 | 14.08.2020 | 4'391'841 | |
| 2,88 % | 400 | 2009 | 21.04.2021 | 3'913'940 | Increased |
| 1,00 % | 150 | 2014 | 25.04.2022 | 24'033'001 | |
| 3,00 % | 250 | 2007 | 08.06.2022 | 3'108'408 | |
| 1,13 % | 150 | 2014 | 06.03.2023 | 23'651'678 | |
| 1,00 % | 250 | 2012 | 05.12.2023 | 18'616'261 | |
| 2,38 % | 250 | 2011 | 21.02.2024 | 12'342'327 | |
| 1,63 % | 250 | 2013 | 26.09.2024 | 22'199'981 | Increased |
| 2,75 % | 500 | 2009 | 14.02.2025 | 2'049'864 | Increased |
| 1,00 % | 150 | 2014 | 30.03.2027 | 25'361'258 | |
| 1,75 % | 100 | 2014 | 06.03.2029 | 23'651'683 | |
| 1,50 % | 250 | 2012 | 12.04.2032 | 18'137'704 | |
| 2,13 % | 150 | 2013 | 26.09.2033 | 22'200'041 | |
| 2,55 % | 450 | 2010 | 10.03.2036 | 2'448'418 | Increased |
| 0,55 % | 100 | 2017 | 08.05.2037 | 36'274'829 | |
| 2,63 % | 190 | 2011 | 10.06.2038 | 12'976'621 | |
| 0,70 % | 100 | 2017 | 24.11.2039 | 37'347'610 | |
| 1,13 % | 100 | 2015 | 26.06.2040 | 28'495'050 | |
| 0,95 % | 100 | 2018 | 19.12.2042 | 45'114'141 | |
| 2,00 % | 100 | 2013 | 18.12.2043 | 22'853'146 | |
| 0,40 % | 200 | 2016 | 21.11.2046 | 34'144'031 | |
Calendar
| 2019 | 2020 | ||
|---|---|---|---|
| 19.06.2019 | Municipal Council meeting, approval of financial results 2018 | 07.04.2020 | Media presentation financial results 2019 |
| 24.09.2019 | Media presentation budget 2020 / Financial planning 2021–2024 | ||
| 11.–18./20.12.2019 | Municipal Council meeting, apprival of budget 2020 | ||
Thomas Kuoni
Director Finance Administration
Phone +41 44 412 32 34
Ronnie Müller
Funding
Phone +41 44 412 32 68