On 16 January 2018, Swiss Prime Site AG successfully placed CHF 300 million 0.325% convertible bonds due 2025. The bonds were issued at 100% of their principal amount and will mature on 16 January 2025. Bondholders who convert their bonds will receive the bonds’ par amount in cash and any excess amount in registered shares of Swiss Prime Site (Net Share Settlement), subject to the issuer’s right to elect to settle any exercise of conversion rights with any combination of cash and shares. Credit Suisse, UBS and Bank Vontobel acted as joint bookrunners in this transaction.