Zug Estates shifts fully to sustainable financial instruments
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EQS-News: Zug Estates Holding AG
/ Key word(s): Financing/Real Estate
Press release Zug Estates Holding AG today issued a second green bond for CHF 100 million. This means that the bond portfolio consists entirely of financial instruments focused on sustainability. Having been the first Swiss real estate company to issue a green bond back in September 2019, Zug Estates today issued another green bond for CHF 100 million, with a coupon rate of 0.75%, a term of 7.17 years and payment due on 17 February 2022. In line with the Zug Estates Group's sustainability strategy, this second green bond means that the Zug Estates bond portfolio consists entirely of financial instruments focused on sustainability. There has been widespread interest in today's placement amongst institutional investors because all the funds have been invested directly into the Suurstoffi site in Risch Rotkreuz, which meets the most stringent of sustainability requirements and is already almost carbon-free. Zurich Cantonal Bank and UBS AG acted as joint lead manager/joint book runner for the green bond issue. The application for admission to trading on the SIX Swiss Exchange is being submitted.
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For further information, please contact:
About Zug Estates Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch
End of Media Release |
| Language: | English |
| Company: | Zug Estates Holding AG |
| Industriestrasse 12 | |
| 6300 Zug | |
| Switzerland | |
| Phone: | +41 41 729 10 10 |
| E-mail: | ir@zugestates.ch |
| Internet: | www.zugestates.ch |
| ISIN: | CH0148052126, CH0148052118 |
| Valor: | A1J0M6 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1270542 |
| End of News | EQS News Service |
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1270542 19.01.2022
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