Baloise Swiss Property Fund closes issue with CHF 135 million
With an extended subscription period, the Baloise Swiss Property Fund has reached the target amount for its latest issue. In the end, the order book was even oversubscribed.
The fund management company Baloise Asset Management Ltd has completed the capital increase for the Baloise Swiss Property Fund. Capital commitments amounting to CHF 135 million were achieved. "This means that all the properties planned as part of the capital increase can be acquired," the company writes in a press release. The profitability of the portfolio will be strengthened, while the debt ratio will fall to slightly above 19%.
"Given the tense market environment, we consider the oversubscription for our Baloise Swiss Property Fund (BSPF) to be a great success," says fund manager Jan Hagen. The new fund units will be paid out on September 7.
As the target amount was not quite reached within the announced issue phase, the order books were opened for a few extra days (IB reported). In the end, the issue was even oversubscribed, according to the press release. (aw)
