Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Swiss Prime Site AG ( (CH:SPSN) ) just unveiled an update.
Swiss Prime Site plans to issue a senior unsecured green convertible bond of CHF 350 million, maturing in 2032 and convertible into existing shares at a 20.0% to 27.5% premium over a reference price determined in late February and early March 2026. The interest-free bond, placed via private offering without pre-emptive rights, will be used to refinance an existing CHF 275 million convertible loan to ELM B.V. and to fund eligible green real estate investments, aligning financing with the company’s sustainability framework.
In a parallel move, Swiss Prime Site has launched an incentivised conversion invitation to ELM B.V. to encourage early conversion of the 2023 CHF 275 million convertible loan tied to an exchangeable bond. The company also signals its intention to redeem the remaining loan if it falls below a 15% threshold and to settle future conversion exercises in cash, aiming to simplify its capital structure and manage potential equity dilution while advancing its green investment strategy.
The most recent analyst rating on (CH:SPSN) stock is a Buy with a CHF149.00 price target. To see the full list of analyst forecasts on Swiss Prime Site AG stock, see the CH:SPSN Stock Forecast page.
More about Swiss Prime Site AG
Swiss Prime Site AG is a Swiss real estate company headquartered in Zug and listed on SIX Swiss Exchange. The group focuses on investment in and management of commercial and other income-generating properties, and has established a Green Financing Framework to support environmentally sustainable real estate projects.
Average Trading Volume: 134,245
Technical Sentiment Signal: Buy
Current Market Cap: CHF11.22B
Find detailed analytics on SPSN stock on TipRanks’ Stock Analysis page.