Baker McKenzie advises PSP Swiss Property with its bond portfolio

Baker McKenzie advised PSP Swiss Property on the conversion of its CHF 1.8 billion bond portfolio to green bonds based on the company’s Green Bond Framework. The Green Bond Framework is tied to a green asset portfolio, which is to become successively more sustainable. The qualification of properties for the green asset portfolio is based on two criteria: One is the effective CO2 emissions per square meter and the other is a property-specific ESG rating.

In addition, Baker McKenzie advised the company on the linking of its bilateral and syndicated loan agreements to sustainability targets, thus converting them to sustainability-linked loans in accordance with the guidelines of the Loan Market Association (LMA). The sustainability targets are based on the criteria of the Green Bond Framework.

PSP Swiss Property owns properties valued at CHF 9.4 billion in prime locations in Switzerland’s key economic centers. The holding company is a public company whose shares have been traded on the SIX Swiss Exchange since March 2000.

Baker McKenzie Switzerland has advised PSP Swiss Property on all legal aspects of the projects. Partners Samuel Marbacher (real estate finance, pictured left) and Matthias Courvoisier (capital markets, pictured right) led the team, which consisted of Yves Mauchle (senior associate, capital markets), Susanne Liebel-Kotz (senior associate, tax) and Adrian Moftakhari (associate, banking & finance).