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ZURICH - Swiss Prime Site Finance AG announced plans to issue €500 million in 6-year fixed rate senior unsecured notes through ELM B.V., according to a pre-stabilization notice issued Wednesday.
UBS AG London Branch will act as the stabilizing manager for the offering, with the stabilization period expected to begin September 24 and end no later than October 30, 2025.
The notes will be issued by ELM B.V., a limited liability company incorporated in Amsterdam, while Swiss Prime Site Finance AG, incorporated in Zug, Switzerland, will serve as the loan notes issuer.
As part of the stabilization process, UBS may over-allot securities or conduct transactions to support the market price at levels higher than might otherwise prevail, with a maximum over-allotment facility of up to 5% of the aggregate nominal amount.
The offer price and other terms of the notes have yet to be determined, according to the pre-stabilization notice.
The securities have not been registered under the United States Securities Act of 1933 and will not be offered in the United States. The offering is directed at qualified investors in European Economic Area Member States that have implemented the Prospectus Directive.
This announcement is based on a press release statement issued through the London Stock Exchange’s news service.
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