Swiss Prime Site: Sustainable refinancing through a green bond

Swiss Prime Site: Sustainable refinancing through a green bond share

PRESS RELEASE

Olten, 26 November 2020

Swiss Prime Site: Sustainable refinancing through a green bond

• Placing of a green bond amounting to CHF 300 million.
• Embedding sustainability in the financing strategy

Placing of a green bond amounting to CHF 300 million.

On 26 November 2020, Swiss Prime Site successfully placed a green bond - a bond focused on sustainability - amounting to CHF 300 million on the market. The issue met with widespread interest from institutional investors and offers them the opportunity to actively participate in Swiss Prime Site's sustainability goals. Markus Meier, CFO of Swiss Prime Site: «We are proud to be one of the first companies in Switzerland, and specifically in the real estate industry, to be implementing sustainability goals in our financing strategy. The funds received will entirely be used in real estate projects that meet high sustainability standards. The bond also lengthens the lease expiry profile of external financing and improves the diversification of the investor base and our strategic flexibility.» The bond runs until 2029 and was issued on attractive terms. The transaction was managed by Credit Suisse AG (Green Bond Framework Advisor and Joint Lead Manager) and Zurich Cantonal Bank (Joint Lead Manager).

Embedding sustainability in the financing strategy

Sustainability is an integral component of Swiss Prime Site's corporate strategy and business operations. The targets set forth by the United Nations, the Paris Agreement and the Federal Government's Energy Strategy 2050 form the basis for defining and reviewing the company's long-term strategic orientation. The company will monitor scientific, social and environmental developments across all business fields, define topics for focussed action and apply standards and benchmarks. Swiss Prime Site applies this expertise in a targeted fashion in the existing property portfolio and the project pipeline, with the aim of reducing CO₂ emissions and ultimately achieving climate neutrality well before 2050. The bond was issued on the basis of the Green Bond Framework, which enables Swiss Prime Site to also embed sustainability at the level of company financing.

If you have any questions, please contact:

Investor Relations, Markus Waeber

Tel. [phone], [e-mail]

Media Relations, Mladen Tomic

Tel. [phone], [e-mail]

Swiss Prime Site

Swiss Prime Site AG is the leading listed real estate company in Switzerland. Its high-quality real estate is worth approximately CHF 12 billion and consists of properties with good value retention in prime locations, which predominantly comprise office and retail floor space. Swiss Prime Site Immobilien AG invests in high-quality buildings and land, which together with conversion and development of entire areas form the company's core business. Among the property-related group companies, Switzerland's leading premium department store Jelmoli in central Zurich and at Zurich airport has a retail floor space of around 24 000 m². This includes third-party shop-in-shop concepts and its own formats. Wincasa is the biggest and most important integral real estate service provider in Switzerland and an ideal complement to Swiss Prime Site's core business. The company's innovative services portfolio encompasses the entire property life cycle. Assets under management amount to CHF 71.2 billion. Swiss Prime Site Solutions is an asset manager focused on the property sector. The business develops tailor-made services and investment products for third-party clients and has assets under management of CHF 2.3 billion.

Swiss Prime Site is distinguished by its experienced management team, high earnings continuity and outstanding risk-return profile. The company has been listed on the SIX Swiss Exchange since 2000 and has a market capitalisation of over CHF 6 billion.

SIX Swiss Exchange | Symbol SPSN | Securities number 803 838

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF SWISS PRIME SITE AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

Press release (PDF)