Recent Cases
20 January 2010 - Swiss Prime Site closes CHF 300 Million 1.875% Convertible Bond Issue
Swiss Prime Site AG (the "Issuer") successfully raised financing through a placement of CHF 300 Million 1.875% Convertible Bonds (the "Bonds"), convertible into shares of the Issuer. The Bonds were priced with a coupon of 1.875% and a conversion premium of 22.5% to the volume weighted average price on the day of launch. Credit Suisse and UBS Investment Bank acted as joint bookrunners in this transaction (the "Joint Bookrunners"). The Joint Bookrunners have exercised their overallotment option in full, increasing the total issue size of the Bonds to CHF 300 Million.
Bär & Karrer has acted as legal transaction counsel in the issuance and placement of the Bonds. The team comprised Thomas U. Reutter, Ariane Riedi Wirth, Sten E. D. Rasmussen, Flavio Lardelli, Ariane Ernst as well as Michael Barrot (Tax).