sitEX Properties Holding AG issues bond in the amount of CHF 50 million
sitEX Properties Holding AG, an owner-managed Swiss real estate company, has issued a fixed-interest bond of CHF 50 million. Among other things, the issue serves to finance the various real estate development projects planned in Northwestern Switzerland.
sitEX Properties Holding AG, an owner-managed real estate company, successfully issued a bond in the total amount of 50 million Swiss francs on 3 June 2020. The bond is guaranteed by Basellandschaftliche Kantonalbank (BLKB), Liestal and has a maturity of 5 years with an annual interest coupon of 0.375%. The issue was carried out under the lead management of BLKB. The payment of the bond is guaranteed for the
17 June 2020 and the definitive admission to trading and listing of the bond on the SIX Swiss Exchange has been applied for. A prospectus was prepared for the bond, and can be obtained free of charge during normal business hours at the following address: Basellandschaftliche Kantonalbank, Rheinstrasse 7, CH-4410 Liestal, phone +41 61 925 94 94, e-mail: firstname.lastname@example.org.
The proceeds from the placement of the bond will be used, among other things, to finance the various real estate development projects.
This media release and the information contained herein may not be distributed or transmitted in or into the United States of America (USA) or be issued, transmitted or made available to US persons (including legal entities) or to media with a general circulation in the USA. Any violation of these restrictions may constitute a violation of US securities laws. The bond will not be publicly offered for sale outside of Switzerland. This media release is not an offer of securities for sale or subscription. It is not a prospectus within the meaning of Art. 35 et seq. FIDLEG nor as a listing prospectus within the meaning of the Listing Rules of SIX Swiss Exchange.
The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, as defined in Regulation S under the Securities Act. This document is not intended for distribution to and must not be passed on to any retail client.
June 4, 2020