Baker McKenzie advised PSP Swiss Property AG on the conversion of its CHF 1.8 billion bond portfolio to green bonds based on the company's Green Bond Framework. The Green Bond Framework is tied to a green asset portfolio, which is to become successively more sustainable. The qualification of properties for the green asset portfolio is based on two criteria: One is the effective CO2 emissions per square meter and the other is a property-specific ESG rating.

In addition, Baker McKenzie advised PSP Swiss Property AG on the linking of its bilateral and syndicated loan agreements to sustainability targets, thus converting them to sustainability-linked loans in accordance with the guidelines of the Loan Market Association (LMA). The sustainability targets are based on the criteria of the Green Bond Framework.

Baker McKenzie Switzerland advised PSP Swiss Property AG on all legal aspects of the projects.

PSP Swiss Property is one of Switzerland's leading real estate companies. The company owns properties valued at CHF 9.4 billion. These are mainly office and business premises in prime locations in Switzerland's key economic centers. PSP Swiss Property Ltd. (the holding company) is a public company whose shares have been traded on the SIX Swiss Exchange since March 2000.

Samuel Marbacher (partner, Real Estate Finance) and Matthias Courvoisier (partner, Capital Markets) led the Baker McKenzie team, which consisted of Yves Mauchle (senior associate, Capital Markets), Susanne Liebel-Kotz (senior associate, Tax) and Adrian Moftakhari (associate, Banking & Finance).
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