EQS-News: CPI PROPERTY GROUP – High Demand for Recent Green Bond
CPI PROPERTY GROUP (“CPIPG” or the “Company”), a leading European landlord, is pleased to announce the closing of €500 million of 5-year senior unsecured green bonds.
- CPI PROPERTY GROUP (“CPIPG” or the “Company”), a leading European landlord, is pleased to announce the closing of €500 million of 5-year senior unsecured green bonds.
- More than €3 billion of orders were placed for the green bonds, the strongest-ever response to a bond issue by CPIPG.
- With a six times oversubscribed orderbook, CPIPG was able to reduce the cost significantly from initial guidance to pricing.
- The green bonds, issued under the Company’s Euro Medium-Term Note Programme, are rated Baa3 by Moody’s and BBB- by Standard & Poor’s.