Baker McKenzie advises Varia US Properties AG in its successful issue of a CHF 50 million fixed-rate bond

Baker McKenzie advised Varia US Properties AG in its successful issue of a CHF 50 million fixed-rate bond with a coupon of 2.875% and a tenure of four years. This is the second bond issue in the history of the company after it issued the first CHF 50 million fixed-rate bond in June 2019. The proceeds will be used for further expansion of the portfolio in the US and for investment in the company's properties, including systematic Environmental, Social, and Governance (ESG) initiatives in order to improve property curb appeal and efficiency.

Application for listing on SIX Swiss Exchange will be requested and the payment date of the bond is scheduled for today.

Varia US Properties AG is a Swiss-based real estate company investing exclusively in US multifamily housing with a focus on secondary and tertiary markets.