Intershop Holding AG Issues CHF 100 Million Green Bond

Intershop Holding AG has announced the successful issuance of a fixed-rate Green Bond totaling CHF 100 million. This bond carries a 1.5% coupon rate with a five-year term. The proceeds will be allocated to supporting sustainable development and renovation projects as outlined in Intershop's Green Bond Framework, which is accessible on their website.

The bond placement was coordinated by UBS and Zürcher Kantonalbank as Joint-Lead Managers, with Basler Kantonalbank acting as Co-Manager. The bond is set to be listed on the SIX Swiss Exchange.

Intershop, recognized for its investment in Swiss commercial real estate, maintains a diverse portfolio. As of June 2024, it includes 44 properties valued at CHF 1.4 billion. The company focuses on areas such as Zurich and Lake Geneva, ensuring growth potential and security.