Impact Investing Bond Logistics in CHF | EUR | USD GREEN SQUARE LOGISTICS II-III
PICTURE NECRON
| Currency | CHF | EUR | USD |
| Maturity in years | 1.5 |
| Fix coupon | CHF 6% | EUR 6.5% | USD 7.25% |
| Subscription period | until June 16, 2023 |
Business Case
The planned and approved GREEN SQUARE LOGISTICS II-III project comprises a total gross floor area of 38 300 m² divided into two building parts of 24 671 m² (Part A) and 13 605 m² (Part B). The property will be developed and certified with modern architecture and in accordance with the requirements of BREEAM sustainability level 'excellent'. It already meets or exceeds the new EU taxonomy regulation for real estate in many areas. The two parts of the building can be used as separate areas, each with its own loading bays and office space and can be further subdivided if required.
Investment Opportunity
Qualified investors are invited to participate in the financing. They will be offered a coupon of CHF 6.0 %, EUR 6.5 %, USD 7.25 % per annum, with a maximum maturity of 18 months and a minimum maturity of 14 months.
Investment Benefits
- Sustainable project certified to BREEAM level 'excellent' in an outstanding location
- Extensive guarantees and security in favour of note holders
- Low-risk real estate project
- Long term lease in place
- High Necron equity stake of 39.4 %
- Regular interest income
- Fixed return
- Short term
Product data
| Product | Impact Investing Bond Logistics in CHF | EUR | USD |
| Strategy | GREEN SQUARE LOGISTICS II-III |
| Currency | CHF | EUR | USD |
| Maturity in years | 1.5 |
| Fix coupon | CHF 6% | EUR 6.5% | USD 7.25% |
| Subscription period | until June 16, 2023 |
| ISIN | CHF: CH1108675427 / EUR: CH1108675435 / USD: CH1108675443 |
| Valor | CHF: 110867542 / EUR:110867543 / USD: 110867544 |
| Bloomberg | CHF: ABSCRT 6 12/20/24 Corp / EUR: ABSCRT 6 ½ 12/20/24 Corp / USD: ABSCRT 7 ¼ 12/20/24 Corp |
| Legal structure | Bearer bond secured by real estate lien (Senior Secured Bond) |
| Security | Signed, long-term lease agreement |
| Issue Size | CHF 45 m |
| Issue date | June 20, 2023 |
| Issue Price | CHF 1'000 |
| Final maturity | December 20, 2024 |
| Early Redemption Option | from 20 June 2024 with 10 days’ notice |
| 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, Zürich |
| Subscription OTC | ISP Securities AG, +41 43 499 14 14, trading@ispsecurities.ch |
| Secondary market | Daily pricing will be available on Bloomberg (ISIN CH1108675427/CH1108675435/ CH1108675443). 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, Swiss law |
| ESG Rating | Sustainable project with BREEAM |
Your contacts
Daniel Gerber
Head of Market Switzerland & Chief Sustainability Officer
This content has been prepared by Picard Angst AG and is only a summary of the main features of the product and not a complete presentation and has been prepared solely for information purposes for use by the recipient for the duration of the subscription period. The information provided is valid only for this period. The information in this page does not constitute financial research and does not meet all legal requirements to ensure the impartiality of financial research and is not subject to any prohibition on trading prior to the publication of financial research. This page does not constitute an offer or invitation to buy or sell financial instruments. It is intended for informational purposes only. Given that an investment product can be a complex financial product, the decision to invest should therefore always be based on a consultation with a bank advisor. The information provided on this page on opportunities and risks is no substitute for the information provided by your investment advisor, which is always indispensable before concluding a transaction. Only those who are clear about the opportunities and risks of the transaction to be concluded and who are economically able to bear the losses that may occur should enter into such transactions.