Intershop Holding AG today successfully placed a fixed-rate bond of CHF 100 million with a coupon of 0.30% and a term of five years. The proceeds of the bond will be used for the sustainable development and renovation of properties. For this purpose, Intershop has published a Green Bond Framework, which is available on the company's homepage.
Zürcher Kantonalbank and Credit Suisse AG arranged the placement as joint-lead manager. Admission to listing on the SIX Swiss Exchange AG is being applied for.
Intershop is a real estate company listed on the SIX Swiss Exchange and active in Switzerland, which invests principally in commercial properties. As per 31/12/2020 its portfolio comprised 52 properties with a lettable area of 544,000 m2 and a market value of some 1.3 billion Swiss francs. Intershop invests mainly in the Zurich area, around Lac Leman and along the main traffic arteries. Its portfolio combines high yields with security, thanks to diversification by geography and type of use, with considerable potential for value appreciation in the properties with development potential.
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