Zug Estates issues green bond at 1.25%
With this transaction, Immobilien-AG has raised CHF 100 million for the refinancing of sustainable projects.
Zug Estates Holding AG has recently placed another CHF 100 million green bond on the Swiss capital market. The fixed-rate bond has a coupon of 1.25% and a term of seven years. "The issue proceeds will be used to refinance sustainable projects in accordance with Zug Estates' Green Finance Framework", the company writes in a press release. Zürcher Kantonalbank and UBS AG are acting as Joint Lead Managers of the transaction. Application will be made for admission to trading on the SIX Swiss Exchange.
A year ago, Zug Estates financed itself via a green bond issue at 1.65%. IB reported on this transaction here. (aw)
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