Impact Investing Bond Logistics RIDDERKERK III
PICTURE NECRON
| Currency | CHF | EUR | USD |
| Maturity in years | 1.5 |
| Fix coupon | CHF 6% | EUR 6.75% | USD 7.5% |
Business Case
The RIDDERKERK III project will be the second location of Bakker Barendrecht B.V. for the open handling of fruit and vegetables at the Dutch Fresh Port Ridderkerk. In line with the tenant’s requirements, the building will not only facilitate handling and storage of goods, but also extended services such as repackaging, packaging, small packaging, ripening and cooling of various types of fruit and vegetables. The planned total gross floor area on the property is 55640 m², which includes office and mezzanine space.
The logistics centre will feature modern architecture and will be developed and certified according to the requirements of the BREEAM sustainability level «excellent», which not only meets but exceeds the new EU Taxonomy Regulation for Real Estate in many areas.
Investment Opportunity
Qualified investors are invited to participate in the financing. They will be offered a coupon of CHF 6.0%, EUR 6.75%, USD 7.5% per year, with a maximum term of 18 months, callable after 14 months.
Investment Benefits
- Sustainable project with BREEAM Standard «excellent» in an outstanding location
- High level of first ranking security in favour of the noteholders
- Low-risk real estate project
- Long-term lease in place
- High Necron equity stake of 30.6%
- Regular interest income
- Fixed return
- Short term of the note
Product data
| Product | Impact Investing Bond Logistics |
| Strategy | RIDDERKERK III |
| Currency | CHF | EUR | USD |
| Maturity in years | 1.5 |
| Fix coupon | CHF 6% | EUR 6.75% | USD 7.5% |
| ISIN | CHF: CH1356576582 / EUR: CH1356539788 / USD: CH1357114284 |
| Valor | CHF: 135657658 / EUR: 13565397 / USD: 135711428 |
| Bloomberg | CHF: PRAETO 6 03/06/26 Corp / EUR: PRAETO 6¾ 03/06/26 Corp / USD: PRAETO 7½ 03/06/26 Corp |
| Legal structure | Bearer bond secured by real estate lien (Senior Secured Bond) |
| Security | Signed, long-term lease agreement |
| Issue Size | CHF 70 M |
| Issue date | September 04, 2024 |
| Issue Price | CHF 1'000 |
| Final maturity | März 06, 2026 |
| Early Redemption Option | from 06 November 2025 with a 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 | Banca Credinvest SA, Lugano/Zürich, Schweiz |
| Subscription OTC | Banca Credinvest SA, T. +41 58 225 70 90, institutional@credinvest.ch |
| Secondary market | Prices are regularly updated on Bloomberg, SIX Telekurs and Refinitiv (Reuters) (CH1356576582/CH1356539788/CH1357114284) 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 | Zürich 1, Schweiz |
| ESG Rating | Sustainable project with BREEAM |
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