Swiss Prime Site issues 250 million bond
Swiss Prime Site issued a fixed-interest bond with a volume of CHF 250 million as of April 11.
According to Swiss Prime Site, the bond has a term of nine years (2017 to 2026). The coupon is 0.825 percent, which is at the lower end of the marketing range. The issue has been very positively received by the market and met with great interest among investors, the real estate company adds.
With the bond placement, the company took advantage of the favorable market conditions, but also further diversified its maturity and financing structure and extended its duration. The bond fits into Swiss Prime Site's maturity range as well as its financing strategy, the company said in a statement.
The transaction was accompanied by Basler Kantonalbank, Credit Suisse, UBS and Zürcher Kantonalbank. The payment will take place on May 11, 2017.
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