Brief: Swiss Prime Site Placed CHF 275 Mln Convertible Notes Due 2030
23/05/2023 14:48
May 23 (Reuters) - SWISS PRIME SITE AG SPSN.S :
* PLACED CHF 275 MILLION CONVERTIBLE NOTES DUE 2030 AT AN
INTEREST
RATE OF 1.625% PER CENT PER ANNUM
* FIXED COUPON OF 1.625% PER ANNUM WITH A CONVERSION PRICE
OF CHF
85.16 REPRESENTING A PREMIUM OF 10% TO REFERENCE SHARE PRICE
* TRANSACTION VOLUME INCREASED FROM CHF 250 TO CHF 275
MILLION DUE
TO VERY STRONG INVESTOR DEMAND
* PROCEEDS TO BE USED TO REFINANCE UPCOMING CONVERTIBLE DEBT
MATURITY AS WELL AS ITS REAL ESTATE PORTFOLIO IN GENERAL
Source text for Eikon: ID:nEQ8zDMxla
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