Swiss Prime Site Issues CHF 350 Million Green Convertible Bonds

Swiss Prime Site AG has successfully issued CHF 350 million in green convertible bonds due in 2032. These bonds, which bear no interest, come with a 24.0% conversion premium. The conversion price is set over the average of Swiss Prime Site shares across four trading days starting from 26 February 2026.

The proceeds will be used to partly refinance CHF 275 million of convertible loan notes from ELM B.V. Additionally, funds will support eligible green real estate projects according to the company’s Green Financing Framework. This strategy aligns with Swiss Prime Site's commitment to a diverse and conservative funding approach.

The bonds are set for settlement on or around 5 March 2026, with redemption also scheduled for 5 March 2032 at their principal amount. Swiss Prime Site has also agreed to a 90-day lock-up period, effective from the settlement date.