Posts for topic Stock exchange

The Corporate Finance & Capital Markets team of Swiss Finance & Property Ltd has reached another milestone. In spring 2023, Swiss Finance & Property Ltd for the first time acted as sole lead manager for a capital increase of Orascom Development Holding AG. Thanks to meticulous planning and optimal timing, the only issue of equities by a Swiss listed real estate company so far this year could be executed successfully in spite of the challenging market environment.

After many years of constantly falling interest rates and the option to sometimes borrow capital at negative interest rates, rising borrowing costs are now confronting real estate funds with new challenges – and investors with new risks.

The TER has become a much more relevant factor in investment decisions, and it has become much easier to compare the figures for different peers thanks to efforts undertaken by the self-regulating industry associations to bring about standardised definitions and harmonisation. Improvements in efficiency, as reflected by lower TERs, can be largely attributed to the degression of fixed costs such as accounting, marketing, foundation board fees and bank charges.

The Corporate Finance & Banking team of Swiss Finance & Property Ltd ("SFP"), which has been a licensed securities firm for about a year now, assisted EPIC Suisse AG ("EPIC") with its IPO. Despite challenging market conditions, the biggest real estate IPO on the Swiss stock market for eight years was a success thanks to painstaking preparation.