SNB Repoeligibility: At the discretion of the SNB, expected no
Documentation: Standalone
Governing Law: Swiss Law
FINSA Prospectus: Preliminary prospectus available in accordance with art. 51 FinSA
Covenants: PP, NP (with restrictions), XD, each in accordance with the Terms of the Bonds, CoC put at 100%
Financial Covenants: Incurrence of additional financial indebtedness subject to compliance with: Net Total LTV Ratio ≤ 0.60x; Interest Coverage Ratio ≥ 2.00x; Net Secured LTV Ratio ≤ 0.40x
Early Redemption: 3 month par call
Use of Proceeds: The net proceeds of the issue of the Bonds will be applied by the Issuer for general corporate purposesIn accordance with the Green Finance Framework, an amount equal to the net proceeds of the issue of the Bonds will be used to finance and/or refinance, in whole or in part, new or existing Eligible Green Projects
Min. Denomination: CHF 5,000 and integral multiples thereof
Sales Restrictions: In particular the United States of America and to U.S. persons, the United Kingdom, the European Economic Area, Hong Kong, Japan, Singapore, Italy, and Australia
Target Market: As defined by the manufacturer domiciled in the EEA (MiFID II): Eligible counterparties, professional clients and retail clients in Switzerland only (all channels for distribution), subject to applicable selling restrictions
Timing: Today's business. Books can close at short notice