Impact Investing Bond Intercity Hotel Schiedam - Rotterdam
PICTURE NECRON
| Currency | CHF | EUR | USD |
| Maturity in years | 2 |
| Fix coupon | CHF 6% | EUR 6.75% | USD 7.5% |
| Subscription period | December 1st, 2023 |
Business Case
The planned and approved project IntercityHotel SCHIEDAM comprises a total gross floor area of 14607 m2 distributed over 19 floors. The total height of the building is 65 metres. The hotel will offer 283 rooms (22 of them long-stay), a spacious conference area, a restaurant, a bar and 750 parking spaces directly adjacent to the building. The project will feature modern architecture and will be certified according to the requirements of the BREEAM sustainability level “excellent”. This level already meets or exceeds the new EU taxonomy regulation for real estate in many areas. The hotel is in the immediate vicinity of the railway and metro station, offering direct connections to Rotterdam city centre and Rotterdam the Hague Airport. As the first hotel of the Intercity “Next Gen” concept, it also represents a milestone for the brand and will point the way for future hotel developments.
Investment Opportunity
Qualified investors are invited to participate in the financing. They will be offered a coupon of CHF 6.0%, EUR 6.75% and USD 7.5% per annum, with a maturity 24 of months, callable after 20 months.
Investment Benefits
- Sustainable project with BREEAM standard excellent” in an excellent location
- High collateral in favour of the noteholders
- Low-risk real estate project
- Signed long-standing lease
- High Necron equity stake of 38%
- Regular interest income
- Fixed return and short Note maturity
Product data
| Product | Impact Investing Bond |
| Strategy | Intercity Hotel Schiedam - Rotterdam |
| Currency | CHF | EUR | USD |
| Maturity in years | 2 |
| Fix coupon | CHF 6% | EUR 6.75% | USD 7.5% |
| Subscription period | December 1st, 2023 |
| ISIN | CHF: CH1108677928 / EUR: CH1108677936 / USD: CH1108677944 |
| Valor | CHF: 110867792 / EUR: 110867793 / USD: 110867794 |
| Bloomberg | CHF: FAIRAL 6 12/05/25 Corp / EUR: FAIRAL 6 ¾ 12/05/25 Corp / USD: FAIRAL 7 ½ 12/05/25 Corp |
| Legal structure | Bearer Bond (Delta 1 Senior Secured Bond) |
| Security | Signed, long-standing tenancy agreement |
| Issue Size | CHF 35 Mio. |
| Issue date | December 5th, 2023 |
| Issue Price | CHF 1'000 |
| Final maturity | December 5th, 2025 |
| Early Redemption Option | From 5 August 2025 with a pre-registration period of 10 days |
| Early Redemption Price | 100 % plus accrued interest |
| Denomination | Necron Group AG, Bahnhofstrasse 16, 6300 Zug, T. +41 41 561 38 22 |
| Coupon Date | quarterly |
| Offering for | qualified investors |
| Paying Agent | ISP Securities AG, Zurich |
| Subscription OTC | ISP Securities AG, +41 43 499 14 14, trading@ispsecurities.ch |
| Secondary market | Prices are updated regularly on Bloomberg [ISIN CH1108677928 / CH1108677936 / CH1108677944. Secondary market under normal market conditions, on a best-effort basis with 1.00% bid-offer |
| Settlement | SIX SIS AG, Olten |
| Exchange | Vienna Stock Exchange |
| Governing Law | Zurich 1, Switzerland |
| ESG Rating | BREEAM sustainability rating: Excellent |
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