immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Green Bond

  • Property company secures financing for green projects

    Property company secures financing for green projects

    Basel-based HIAG Immobilien Holding AG has placed its first green bond for CHF 100 million with a term of 5.25 years and a coupon of 1.42 per cent, according to a press release. The proceeds from the issue will be used to finance and refinance sustainable buildings and projects in accordance with HIAG’s Green Financing Framework, the press release continues. Payment of the subscribed shares will take place on 23 January 2025 and trading of the green bond on the SIX Swiss Exchange has been applied for.

    With this issue, HIAG was able to benefit from the favourable interest rate environment and secure financing over a longer time horizon, the statement continues. The green bond and the sustainable syndicated credit line of CHF 500 million launched in summer 2023 are in line with HIAG’s sustainability strategy, the statement continues.

    The property company HIAG is listed on the SIX Swiss Exchange and, according to its own information, has a property portfolio with a total value of CHF 1.95 billion. HIAG currently operates on an area of around 743,000 square metres with 58 projects and an expected investment volume of CHF 3 billion. According to HIAG, the portfolio comprises 41 sites with well-developed office, commercial and logistics properties as well as selected residential properties in future-oriented growth regions in German- and French-speaking Switzerland.

  • Portfolio expanded with third green bond

    Portfolio expanded with third green bond

    Zug Estates Holding AG placed its third green bond on August 26 with payment on September 30, the real estate company specializing in the development, marketing and operation of properties in the Zug region announced in a press release. The bond, which is aimed at institutional investors, has a volume of 100 million Swiss francs, a term of seven years and an interest rate of 1.65 percent.

    Zug Estates had already issued its first green bond in 2019. In 2022, the real estate company then switched its bond portfolio entirely to green bonds. Green buildings currently account for around 95% of Zug Estates’ total portfolio. Properties are classified as green buildings if they have less than 1 kilogram of greenhouse gas emissions per square meter of energy reference area.

    In future, Zug Estates wants to be able to offer other types of green financial instruments in addition to green bonds. To this end, the real estate company has expanded its green bond framework to include a green finance framework. As part of the expansion, Zug Estates has obtained a second opinion from International Shareholder Services (ISS) Corporate Solutions. The agency, which specializes in ESG research and ratings, awarded the real estate company a C rating and thus prime status on August 23.

  • AKB is launching another sustainable bond

    AKB is launching another sustainable bond

    The Aargauische Kantonalbank has issued a green bond for the second time. According to a press release , it has a volume of CHF 100 million. AKB’s first green bond was issued in June 2020. Since then, according to a statement from the Kantonalbank, the AKB Green mortgage amounting to 110.4 million francs has been used to build or renovate homes according to climate-friendly criteria. 119.2 million francs have been pledged for further projects.

    The Aargauische Kantonalbank takes stock of the CO2 savings achieved every year through the sustainable construction activities it finances. In cooperation with the real estate consultancy IAZI , it publishes so-called impact reporting every year. According to the press release, the projections have shown that after just six months in 2020, the total annual savings in CO2 emissions will be around 232 tonnes. The 232 tonnes of CO2 savings in the projections of the IAZI test report correspond to the annual emissions of around 190 new, commercially available passenger cars, according to the report. The next impact reporting will be created on December 31, 2021.

    Green mortgages are financed from the green bond for ecological construction or renovation. In addition to new buildings, according to the AKB, individual energy measures or comprehensive overall renovations to increase energy efficiency or the use of renewable energies are also supported. The bank cites the installation of photovoltaic systems or panels for the preparation of hot water as examples.