ARTICLES LABELLED WITH TAG green bond

Nepi Rockcastle successfully issued a €500 million green bond that was eightfold oversubscribed, with an orderbook exceeding €4 billion from over 200 international investors.

7R, a warehouse developer, has completed the third phase of its green bond issuance, raising PLN 83.9 million (approximately €19.75 million). Since the beginning of this year, the company has obtained capital totalling approximately €77 million, marking progress within its €100 million bond program.

MLP Group S.A. has successfully closed its debut senior green notes offering, worth €300 million (approximately PLN 1.3 billion). Citi and Santander Group acted as Global Coordinators and Physical Bookrunners for the issue.

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.

Zoltán Fekete and Ariel Ferstman, the CEO and CFO of Globe Trade Centre, have talked to Property Forum about GTC`s financial results in 2021, shaking off the last COVID-related restrictions and biggest challenges for the commercial property market in 2022.

Hungary-based developer Alfa Group has decided to cancel the bond auction within the Hungarian NKP framework in Q1 due to increased interest rates. As the main reason for bond issuance was the need for a financing development pipeline, an alternative source of financing with attractive commercial terms was considered better. 

CTP has closed a €700 million four-year green bond under its €8 billion euro medium-term note (EMTN) programme. Total demand for the issue peaked at circa €1.3 billion, reflecting the solid reputation CTP has built with investors in corporate green bonds in the 15 months since the company entered the capital markets for funding.

P3 Group announced the issuance of its inaugural senior unsecured RegS dual-tranche green bonds across 4- and 7-year tenors, in an aggregate principal amount of €1 billion. The bonds, which will be traded on the Euro MTF Market and listed on the official list of the Luxembourg Stock Exchange, will bear a fixed coupon of 0.875% for the 4-year tenor, and 1.625% for the 7-year tenor, and are expected to be rated BBB by S&P, in line with the corporate rating.

CPI Property Group has become the first real estate company from CEE to issue sustainability-linked bonds. The sustainability-linked bonds were issued in the amount of €700 million, with an annual coupon of 1.75% and a maturity date of 14 January 2030.

Hungary-based Alfa Group is entering the dynamically growing private rental sector (PRS) and will deliver the second and third phases of its Ha11er residential project in District 9 of Budapest with apartments for rent. Residential-for-rent is an already well-established market segment in Western Europe that has attracted significant interest from institutional investors. This is increasingly true for certain CEE countries as well, such as Poland or the Czech Republic, but in Hungary, Alfa Group is entering the PRS market as one of its pioneers.