Brief: Swiss Prime Site Intends To Issue CHF 250 Mln Convertible Notes Due 2030

Swiss Prime Site AG

23/05/2023 06:33

May 23 (Reuters) - SWISS PRIME SITE AG  SPSN.S :
    * SWISS PRIME SITE INTENDS TO ISSUE CHF 250 MILLION
CONVERTIBLE
NOTES DUE 2030
    * EXPECTED FIXED COUPON OF BETWEEN 1.125% - 1.625% PER ANNUM
WITH
A CONVERSION PRICE THAT IS EXPECTED AT A PREMIUM OF BETWEEN 10%
- 15% TO REFERENCE SHARE PRICE
    * PROCEEDS TO BE USED TO REFINANCE UPCOMING CONVERTIBLE DEBT
MATURITY AS WELL AS ITS REAL ESTATE DEVELOPMENT PROJECTS
    * PROCEEDS TO BE USED TO REFINANCE UPCOMING CONVERTIBLE DEBT
MATURITY AS WELL AS ITS REAL ESTATE DEVELOPMENT PROJECTS
    * SPS CONVERTIBLE LOAN NOTES WILL BE CONVERTIBLE INTO
REGISTERED
SHARES OF SWISS PRIME SITE AND WILL SERVE AS SECURITY FOR
EXCHANGEABLE NOTES CONCURRENTLY ISSUED BY A FINANCING VEHICLE TO
INVESTORS
    * FINAL TERMS OF BOTH NOTES ARE EXPECTED TO BE ANNOUNCED
LATER
TODAY WITH A SETTLEMENT ON OR AROUND 31 MAY 2023

Source text for Eikon:  ID:nEQgCQspa 
Further company coverage:  SPSN.S 

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