News Article CTP financing green bond industrial investment logistics
by Property Forum | Investment

Industrial developer CTP has sold €750 million worth of green bonds with a 6-year maturity and a fixed coupon of 4.75%. The offering was oversubscribed 5.5 times and recorded a total order book of more than €4.1 billion at its peak.

The proceeds from the sale will be used for general corporate purposes including financing of developments and the concurrent tender offer that was launched. The bonds have started trading on the Euronext Dublin on February 5.

CTP said the concurrent tender offer will enable it to repurchase bonds with a total nominal amount of €250 million.

The settlement of the tender offer is expected to take place on February 7. The sale marked CTP’s return to the Euro bond market.

CTP’s portfolio in Q3 2023 spanned 11.2 million sqm of industrial space across 10 countries.