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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 positionsFY 2017FY 2018
Tax rate (in %)119119
Population City of Zurich (population by civil law)403 268409 222
Tax revenues (in in million CHF)2896,72945,1
Net result income statement (in million CHF) – Excess espenditures/+Excess revenues152,6107,8
Net investment in administrative assets (in million CHF)1427916,2
Total assets (in million CHF)13 250,913 154,3
Total equity (in million CHF)1 167,91 275,7 
Self-financing ratio (in %)¹77,2104,1
Interest charge to tax income (in %)–2,4–2,3
Net debt (in million CHF)3968,83928,1

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.

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

BanksRatingLatest Update
Credit SuisseHigh AA, outlook stableSeptember 2018
Zürcher KantonalbankAA, outlook stableJuly 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 term5149
Average coupons on outstanding bonds2,01 %
Average remaining life of financial liablities9,2 years
Proportion of fixed interest rates on financial liabilities100 %

Debt maturity profile (in million CHF)

debt maturity profile

Outstanding bonds

CouponNominal (in Mio. CHF)IssuanceMaturitySecurity numberRemarks
0,25 %150201421.08.201924'889'057 
2,13 %250201010.06.202010'915'274 
3,50 %150200814.08.20204'391'841 
2,88 %400200921.04.20213'913'940Increased
1,00 %150201425.04.202224'033'001 
3,00 %250200708.06.20223'108'408 
1,13 %150201406.03.202323'651'678 
1,00 %250201205.12.202318'616'261 
2,38 %250201121.02.202412'342'327 
1,63 %250201326.09.202422'199'981Increased
2,75 %500200914.02.20252'049'864Increased
1,00 %150201430.03.202725'361'258 
1,75 %100201406.03.202923'651'683 
1,50 %250201212.04.203218'137'704 
2,13 %150201326.09.203322'200'041 
2,55 %450201010.03.20362'448'418Increased
0,55 %100201708.05.203736'274'829 
2,63 %190201110.06.203812'976'621 
0,70 %100201724.11.203937'347'610 
1,13 %100201526.06.204028'495'050 
0,95 %100201819.12.204245'114'141 
2,00 %100201318.12.204322'853'146 
0,40 %200201621.11.204634'144'031 
      

Calendar

2019 2020 
19.06.2019Municipal Council meeting, approval of financial results 201807.04.2020Media presentation financial results 2019
24.09.2019Media presentation budget 2020 / Financial planning 2021–2024  
11.–18./20.12.2019Municipal Council meeting, apprival of budget 2020  
    

Thomas Kuoni

Director Finance Administration

Phone +41 44 412 32 34

Kontaktformular

Ronnie Müller

Funding

Phone +41 44 412 32 68

Kontaktformular

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