trending Market Intelligence /marketintelligence/en/news-insights/trending/8856c4feiurirw5vykxm8g2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Peach Property to issue CHF60M of bonds

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Peach Property to issue CHF60M of bonds

Switzerland-based Peach Property Group AG plans to issue bonds with a volume of CHF60 million, up from the original target volume of CHF50 million, on the back of significant subscription volumes following the launch of the placement of its 1.75% hybrid warrant bond.

Peach Property has applied for the listing of the bonds — cum, ex and option warrants only — on the SIX Swiss Exchange, with the first day of trading slated for June 25. The interest coupon stands at 1.75% through June 18 and thereafter, at a prevailing capital market rate plus 9.25% per year. The company may opt to terminate the bond on June 22, 2023.

The warrant holders may subscribe for one registered share at an exercise price of CHF25.00 from June 25 up to and including June 25, 2021.

The real estate company plans to use the funds from the issuance to enhance its real estate portfolio in Germany and redeem higher-interest liabilities.

The company set a medium-term goal to increase its real estate portfolio to 11,000 apartments from its previous target of 9,000. Its investment portfolio currently comprises over 8,000 units, according to a release.