Hiag: First green bond placed
The real estate developer raised CHF 100 million for 1.42% through the issue.
Hiag Immobilien Holding AG has placed its first green bond. The bond has a volume of CHF 100 million and a term of 5.25 years. The coupon is 1.42%. The issue proceeds will be used to finance and refinance sustainable buildings and projects. According to the press release, this is being done as part of the company's Green Financing Framework. "With this issue, Hiag was able to benefit from the favorable interest rate environment and secure financing over a longer time horizon," it says. In summer 2023, the company launched a sustainable syndicated credit line of CHF 500 million.
Raiffeisen Switzerland and Bank Vontobel AG acted as lead managers for the issue of the Green Bond. Trading of the Green Bond on the SIX Swiss Exchange has been applied for. (aw)
