Impact Investing Bond Distribution Center NECRON FOOD PARK I
PICTURE NECRON
| Currency | CHF | EUR | USD |
| Maturity in years | 1.5 |
| Fix coupon | CHF 6% | EUR 6.75% | USD 7.5% |
Business Case
The planned distribution centre comprises a gross floor area of approx. 56 000 m², including 43 093 m² of storage space (on three levels with drive-in racks, partly refrigerated), 10 993 m² of industrial space on the mezzanine floor for extended services, and approx. 1 125 m² of office space.
The property will be developed and certified with modern architecture and in accordance with the requirements of BREEAM sustainability level 'excellent'. It already meets or exceeds the new EU taxonomy regulation for real estate in many areas. The two parts of the building can be used as separate areas, each with its own loading bays and office space and can be further subdivided if required.
Investment Opportunity
Qualified investors are invited to participate in the financing. They will be offered a coupon of CHF 6.0 %, EUR 6.5 %, USD 7.25 % per annum, with a maximum maturity of 18 months and a minimum maturity of 14 months.
Investment Benefits
- Sustainable project certified to BREEAM level 'excellent' in an outstanding location
- Extensive guarantees and security in favour of note holders
- Low-risk real estate project
- Long term lease in place
- High Necron equity stake of 40.1%
- Regular interest income
- Fixed return
- Short term
Product data
| Product | Impact Investing Bond Distribution Center |
| Strategy | NECRON FOOD PARK I |
| Currency | CHF | EUR | USD |
| Maturity in years | 1.5 |
| Fix coupon | CHF 6% | EUR 6.75% | USD 7.5% |
| ISIN | CHF: CH1108677811 / EUR: CH1108677829 / USD: CH1108677837 |
| Valor | CHF: 110867781 / EUR: 110867782 / USD: 110867783 |
| Bloomberg | CHF: ABSCRT 6 03/29/25 Corp / ABSCRT 6 ¾ 03/29/25 Corp / USD: ABSCRT 7 ½ 03/29/25 Corp |
| Legal structure | Bearer bond secured by real estate lien (Senior Secured Bond) |
| Security | Signed, long-term lease agreement |
| Issue Size | CHF 40 m |
| Issue date | September 29, 2023 |
| Issue Price | CHF 1'000 |
| Final maturity | Mars 29, 2025 |
| Early Redemption Option | from 29. November 2024 with 10 days’ notice |
| Early Redemption Price | 100 % plus accrued interest |
| Denomination | Necron Group AG, Bahnhofstrasse 16, 6300 Zug, T. +41 41 561 38 22 |
| Coupon Date | quarterly |
| Offering for | qualified investors |
| Paying Agent | ISP Securities AG, Zürich |
| Subscription OTC | ISP Securities AG, +41 43 499 14 14, trading@ispsecurities.ch |
| Secondary market | Daily pricing will be available on Bloomberg (ISIN CH1108675427/CH1108675435/ CH1108675443). Secondary market under normal market conditions, on a best-effort basis with 1.00 % Bid-Offer. |
| Settlement | SIX SIS AG, Olten |
| Exchange | Vienna Stock Exchange |
| Governing Law | Zurich 1, Swiss law |
| ESG Rating | Sustainable project with BREEAM |
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