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 (Financial reports and governance documents)
Rating
S&P Global Ratings rate the City of Zürich. In the addition, the following credit ratings from banks are assigned:
Rating
| Rating Agency/Banks | Rating | Latest Update |
|---|---|---|
| S&P Global Ratings | AA+, outlook stable | October 2019 |
| Credit Suisse | High AA, outlook stable | September 2018 |
| Zürcher Kantonalbank | AA, outlook stable | July 2018 |
Bonds issued an listed by the City of Zurich on the SIX Swiss Exchange
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 issued and listed by the City of Zurich on the SIX Swiss Exchange
| 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