Capital increase for CS REF International
The real estate fund Credit Suisse Real Estate Fund (CS REF) International is conducting a capital increase from November 2 to 13, 2015. The issue proceeds of up to CHF 189.3 million will be used for the further growth of the real estate portfolio, Credit Suisse announces.
Twelve existing shares entitle to subscribe to one new share at the issue price of CHF 1.075 net. The issue will be carried out on a commission basis ("best-effort basis") as part of a public rights offering in Switzerland. A regular off-exchange rights trading will take place from November 2 to 11, 2015 via Credit Suisse. Unsubscribed shares may not be issued, which will change the issue amount.
CS REF International, with total fund assets of CHF 2.54 billion (as of June 30, 2015), is considered the first Swiss real estate fund to invest directly in real estate worldwide. The investment focus is on commercially used, good-quality properties in Europe, the Asia-Pacific region, and North, Central and South America. (ah)
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