Industrial developer CTP has successfully placed €1 billion worth of green bonds, on the back of strong demand from investors.
The issuance comprises two €500 million benchmark bonds with 6-year and 10-year maturities.
The company said the average cost of debt for the new green bonds came to 4.0%.
CTP will use the proceeds to finance or refinance eligible green assets, aligning with its green bond framework. This includes repaying existing debt at higher interest rates, improving the company's financial position.
The bonds were listed on Euronext Dublin on March 10, 2025.
The company owns 13.3 million sqm of leasable space across 10 countries.
