Zug Estates : Successful first issuance of a CHF 100 million fixed-interest bond by Zug Estates
January 24, 2017 at 11:55 am EST
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Press release January 24, 2017
Successful first issuance of a CHF 100 million fixed-interest bond by Zug Estates
Today, Zug Estates Holding AG successfully placed a CHF 100 million fixed-interest bond with a 0.70% coupon and a maturity of five years. The proceeds will be invested in the further development of Zug Estates' portfolio. The bond issue allows the Group to diversify its financing instruments and to take advantage of the attractive conditions currently prevailing on the capital market.
Credit Suisse and Bank Vontobel were acting as the Joint Lead Manager/Joint Bookrunner for the transaction. An application will be made to have the bond admitted to trading on the SIX Swiss Exchange. The consummation of the bond issuance is scheduled for February 17, 2017.
Upcoming events:
March 10, 2017
April 11, 2017
September 1, 2017
Publication of the 2016 annual report General meeting of shareholders Publication of the 2017 half-year report
For further information, please contact:
Tobias Achermann CEO
Gabriela Theus CFO
T +41 41 729 10 10
tobias.achermann@zugestates.ch
T +41 41 729 10 10
gabriela.theus@zugestates.ch
About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on centrally located sites suitable for a wide range of uses and with potential for sustainable development. A large part of the real estate portfolio is located at two sites in Zug and Risch Rotkreuz and is broadly diversified by type of use. The Group also runs a city resort in Zug incorporating the two leading business hotels Parkhotel Zug and City Garden, augmented by a range of restaurant outlets. As at June 30, 2016, the total portfolio value was CHF 1.2 bn.
Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker symbol: ZUGN; securities number: 14 805 212).
Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | F +41 41 729 10 29 |www.zugestates.ch
Zug Estates Holding AG published this content on 24 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 January 2017 16:55:01 UTC.
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Zug Estates Holding AG is a Switzerland-based company engaged in the development, sale and management of real estate properties in the Zug region, Switzerland. It is also the holding company of the Zug Estates Group, which comprised wholly owned subsidiaries Zug Estates AG, ZEW Immobilien AG and Hotelbusiness Zug AG. The Company invests in numerous properties, as well as three investment properties under construction and one undeveloped plot. Through Hotelbusiness Zug AG, the Company operates a city resort that consists of two business hotels Parkhotel Zug and City Garden, as well as serviced city apartments geared towards business clients with a total offering of approximately 250 overnight units and a range of restaurants. The Company's real estate portfolio consists of residential, office and retail space in the mid to upper segment of the real estate market.