Hiag: Second green bond placed

The issue refinances the real estate company at an interest rate of 1.34%.

Hiag has raised fresh funds on the capital market (Image: Depositphotos)

Hiag Immobilien Holding AG has recently placed its second green bond. The bond has a volume of CHF 100 million, a term of 7.0 years and a coupon of 1.34%. «The issue proceeds will be used to finance and refinance sustainable buildings and projects in accordance with Hiag's Green Financing Framework,» the company announced. The issue extends the average term of Hiag's financing.

Raiffeisen Switzerland and Basler Kantonalbank acted as joint lead managers. An application has been made to trade the bond on the SIX Zurich Stock Exchange.

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