Advestra advises Swiss Prime Site on the placement of CHF 350 million green convertible bonds

Swiss Prime Site successfully placed green convertible bonds in the total aggreg­ate amount of CHF 350 million. These convertible bonds are convertible into registered shares of Swiss Prime Site. The net proceeds from the issuance of the Bonds are expected to be used 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 Swiss Prime Site’s Green Financing Framework. BNP PARIBAS, Goldman Sachs International and UBS were acting as Joint Bookrunners in this transaction.

Advestra acted as legal counsel to Swiss Prime Site. The team included Annette Weber, Thomas Reutter and Jan-Nicklas Bentz (all Capital Markets) as well as Céline Martin (Tax).