ARTICLES LABELLED WITH TAG green bond

CTP successfully completed another green bond issuance, structured as a dual tranche. CTP raised a total of €1 billion under its recently increased €8 billion EMTN program. The issue included a €500 million five-year tranche, a €500 million ten-year tranche and a concurrent €150 million capped tender offer on the €650 million senior notes due October 2025. Total demand for the issue was around €3.5 billion and the tender offer well exceeded the targeted amount, evidencing and further supporting the solid standing that CTP holds amongst international bond investors less than one year after first entering the market.

Wing held a successful bond auction, issuing green bonds totalling approximately €70 million (HUF 25 billion) through the Bonds for Growth Scheme (NKP) of the Central Bank of Hungary (MNB). In line with international standards and requirements, Wing will use the funds raised through the bonds solely for environmentally friendly projects and assets.

Real estate investors and developers across Europe are increasingly turning towards green bonds to help build portfolios of sustainable assets that accommodate a lower consumption of resources in the long term and have a limited impact on the environment. This trend is also clearly visible in the Central and Eastern European region, where a growing number of high-profile companies are choosing to finance their expansion plans with the help of green bonds.

Hungary-based Alfa Group plans to raise approximately HUF 10 billion in its first Green Bond issue scheduled for October 2021. Ohad Epschtein, Managing Partner of Alfa Group International talked to Property Forum about the importance of sustainability and he also shared some details about the company’s expansion strategy.

Hungary-based Alfa Group’s first Green Bond receives strong anticipation from investors with proceeds from the approx. HUF 10 billion issue planned to be invested in green buildings.

Companies from the BPO sector may be reducing their offices in North America or Western Europe, but they are taking up more space in CEE at the same time. Yovav Carmi, CEO of GTC talked to Property Forum about issuing green bonds, ESG strategies and the BPO industry.

CTP has completed its largest green bond issuance to date, following the company’s March IPO and recent inclusion in the Euronext AScX index. Structured as a dual-tranche, CTP raised a total of €1 billion under its €4 billion EMTN programme. The issue included a €500 million four-year tranche and a €500 million eight-year tranche. Total demand for the issue reached nearly €4 billion, evidencing the solid standing that CTP holds on the international bond markets.

Globe Trade Centre has successfully issued a debut unsecured green bond for €500 million. The bonds, bearing a coupon of 2.25% p.a., received a strong reception from the broad European fixed-income investor universe and were several times oversubscribed with a peak order book in excess of €1.4 billion.

The European Bank for Reconstruction and Development has successfully subscribed to a €24.7 million ticket as part of an inaugural five-year €300 million green bond issuance by MAS Securities BV. The firm is wholly owned by MAS Real Estate Inc., an investor and operator of predominantly retail real estate assets that focuses on CEE.

The European Bank for Reconstruction and Development (EBRD) has successfully subscribed to a €67 million ticket as part of an inaugural eight-year €600 million green bond issuance by VGP NV, a pan-European provider of logistics and semi-industrial real estate. EBRD’s investment will support the development of sustainable semi-industrial and logistics parks in Hungary, Latvia, Romania and the Slovak Republic.