Swiss Prime Site issues CHF 350m green convertible bonds due 2032

Swiss Prime Site (“SPS”) issued green convertible bonds in the aggregate amount of CHF 350 million. These convertible bonds are convertible into registered shares of SPS and have been successfully placed with investors in and outside Switzerland. SPS intends to use the proceeds to partly refinance its outstanding CHF 275 million convertible loan notes to ELM B.V. and to fund eligible green real estate investments as set forth in its Green Financing Framework. This transaction reinforces SPS’s diversified and conservative funding strategy and further extends its average debt maturity.

Niederer Kraft Frey advised BNP PARIBAS, Goldman Sachs International and UBS AG in their capacity as joint bookrunners.

The NKF team was led by Corporate/Capital Markets partner Philippe Weber, working with associate Manuel Hirlinger and junior associate Matthias Schmid (both Corporate/Capital Markets).