on Swiss Prime Site AG (isin : CH0008038389)
Swiss Prime Site Announces CHF 350 Million Green Convertible Bonds
Swiss Prime Site AG plans to issue CHF 350 million in green convertible bonds, due 2032. These bonds will be offered at their principal amount without bearing interest. Convertible into registered shares, they come with a premium between 20% to 27.5% over the average share price in the next four trading days.
The proceeds aim to refinance CHF 275 million in previously issued convertible loan notes to ELM B.V., and fund green real estate investments under Swiss Prime Site's Green Financing Framework.
The offering will occur as a private placement, excluding current shareholder subscription rights. Settlement is anticipated around March 5, 2026. Swiss Prime Site's move reflects a strategic focus on sustainable finance practices.
R. H.
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