Swiss Prime Site has successfully raised EUR 500 million with its first euro bond issue. The bond has a six-year term and a fixed annual coupon of 3.125%.
Marcel Kucher, Chief Financial Officer and designated CEO of Swiss Prime Site, commented: “At a time when Swiss real estate is considered a safe haven, we are proud to be the first Swiss real estate company to gain access to the European bond market. This successful placement further diversifies our financing sources and increases Swiss Prime Site’s financial flexibility and resilience. It also expands our investor base and supports the growth of our high-quality real estate portfolio. The strong oversubscription clearly demonstrates our excellent access to one of the world’s deepest and most stable capital markets and the investor confidence in our portfolio and strategy.”
As is common practice for Swiss issuers in the European bond market, the bond was issued through the issuing company ELM BV and guaranteed by Swiss Prime Site AG. The bond was rated A3 by Moody’s, which corresponds to the company’s issuer rating.
The 3.125% coupon on the EUR bond corresponds to 0.87% in CHF, roughly equivalent to the expected interest rate for CHF financing. Compared to the average financing costs as of the end of June 2025, the CHF interest rate is approximately 0.1 percentage points lower. Accordingly, the EUR bond reflects Swiss Prime Site’s ongoing efforts toward cost-efficient financing and prudent capital management. All cash flows during the term of the bond, as well as the repayment in 2031, have been converted into CHF through currency hedging.
The net proceeds from the transaction will be used to finance or refinance eligible projects and assets as defined in Swiss Prime Site’s Green Finance Framework.
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