Zug Estates Issues Third Green Bond of CHF 100 Million

Zug, 26 August 2024 – Zug Estates Holding Ltd launched a new green bond worth CHF 100 million. This follows the expansion of their Green Bond Framework into a Green Finance Framework, classifying 95% of their portfolio as green properties. The newly issued bond has a coupon of 1.65% and a term of seven years, payable on 30 September 2024.

The new Green Finance Framework allows Zug Estates to explore various green financing options. Properties are deemed green if emissions are below 1kg CO2 per m² or have certifications like BREEAM, DGNB/SGNI, SNBS, or Minergie.

The issuance attracted strong interest from institutional investors, driven by its sustainable investment appeal. UBS AG and Basler Kantonalbank managed the issue, slated for trading on the SIX Swiss Exchange.