Swiss Prime Site AG has successfully placed CHF300m 0.325% convertible bonds due 2025. The bonds were issued at 100% of their principal amount and will mature on 16 January 2025. Bondholders who convert their bonds will receive the bonds’ par amount in cash and any excess amount in registered shares of Swiss Prime Site (Net Share Settlement).
Bär & Karrer acted as transaction counsel to Swiss Prime Site and the Joint Bookrunners in this transaction.
The team included Thomas U. Reutter, Roland Truffer, Sandro Fehlmann, Daniel Raun, Alexander von Jeinsen and Stefanie Walch (all Capital Markets) as well as Daniel Lehmann, Markus Mühlemann and Laurent Riedweg (all Tax).