Swiss Life ESG Commercial: Oversubscribed capital increase

The issue met with great interest from investors and was oversubscribed, Swiss Life Asset Managers announced. On a "best-effort basis", the maximum number of around 89 million units was issued at an issue price of CHF 1,265.04 each.

The proceeds from the issue will be used to reduce the leverage of Swiss Life REF (LUX) ESG Commercial Properties Switzerland and strengthen its equity base for further growth, the statement added.

The net fund assets of the fund, which has been managed as an ESG strategy product in accordance with Art. 8 SFDR (Sustainable Finance Disclosure Regulation, EU) since March, now amount to around CHF 938 million. The real estate portfolio has a value of around CHF 1.4 million. (ah)