Swiss Prime Site issues convertible bond

For the financing of general corporate purposes as well as for the refinancing of outstanding short-term liabilities, the Swiss Prime Site AG, Olten, will issue a convertible bond of CHF 300 million with a maturity of 7 years and an interest margin (coupon) of 0.20 to 0.45 percent. According to the company (09.01.18), the conversion premium will be between 10 and 15 percent above the reference price, which corresponds to the volume-weighted average price of SPS shares between the start of marketing and the pricing of the placement. The pricing is expected to take place in the course of January 9, 2018. The issue and redemption price will be 100 percent.

The convertible bond (denomination: CHF 5,000 par value) is convertible from February 26, 2018 to November 13, 2024. The convertible bond is scheduled to be paid on January 16, 2018. Credit Suisse, UBS and Vontobel are acting as joint bookrunners.