Andermatt Swiss Alps AG, a company developing, planning and implementing a new luxurious integrated holiday resort in the Swiss mountain village of Andermatt, has completed the placement of CHF 50 Million 3.875% bonds due 2020. The bonds were issued at 100% of their principal amount and, unless previously redeemed or repurchased and cancelled, will mature on 11 December 2020 at 100% of their principal amount. HSBC plc acted as Lead Manager, Bank Julius Bär & Co. AG and Bank Vontobel AG as Senior Co-Lead Managers.

Bär & Karrer acted as legal advisor to Andermatt Swiss Alps. The team included Thomas U. Reutter, Michael Trippel, Annette Weber and Christian Moser (all Capital Markets) as well as Daniel Lehmann and Andreas Steffen (both Tax).