Swiss Prime Site Enters European Bond Market with EUR 500 Million Issue

Swiss Prime Site AG has marked its entry into the European bond market by successfully issuing its first Euro bond, raising EUR 500 million. The bond, with a six-year term, offers a fixed annual coupon of 3.125% and received high investor interest, being oversubscribed more than eight times.

Chief Financial Officer Marcel Kucher highlighted this achievement as a pivotal moment for the company, emphasizing diversification of financing sources and increased financial resilience. The bond, rated A3 by Moody's, is expected to support the growth of Swiss Prime Site's real estate portfolio.

The fixed coupon rate equates to a CHF interest rate in line with current expectations, showcasing efforts toward cost-efficient financing. The proceeds will fund projects under Swiss Prime Site's Green Finance Framework.