Schellenberg Wittmer advises Primeo Energie on its green bond offering
Schellenberg Wittmer advised Primeo Energie, a Swiss energy supplier founded as a private cooperative in 1897, on the successful offering of a green bond on the Swiss capital market on 8 September 2021, with Zürcher Kantonalbank, Basellandschaftliche Kantonalbank and Basler Kantonalbank acting as joint lead managers.
The net proceeds of the CHF 100 million fixed-rate bond with a term of 8 years and with an annual interest coupon of 0.10% will be used for renewable energies, energy efficiency, electromobility and green buildings (Primeo Energie Kosmos) in line with the applicable green bond framework.
The bond is scheduled to be settled on 28 September 2021. The listing of the bond has been applied for at SIX Swiss Exchange.
Schellenberg Wittmer acted as legal counsel to Primeo Energie with a team comprised of partner Anita Schläpfer (banking and finance, pictured) and associate Shawn Richard Gregory (banking and finance)
