CTP Announces the Successful Placement of a EUR 750 Million Green Bond and EUR 250 Million Tender Offer

CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the successful placement of a EUR 750 million green bond with a 6-year maturity and a 4.750% fixed coupon (Mid Swap +220 bps). The notes were settled and admitted to trading on Euronext Dublin on 5 February 2024.

The issuance, which marked CTP’s return to the Euro bond market, saw strong demand from investors and achieved an oversubscription of 5.5 times and an order book of more than EUR 4.1 billion at its peak, reflecting the appetite for CTP’s strong credit profile.

The proceeds from this issuance will be used for general corporate purposes including financing of developments and the concurrent tender offer that was launched. CTP will allocate the net proceeds from the issuance to a portfolio of eligible assets in line with CTP’s Green Bond Framework.

The concurrent tender offer will enable CTP to repurchase bonds with a total nominal amount of EUR 250 million as detailed below:

The settlement of the tender offer is expected to take place on 7 February 2024.

CTP invest d.o.o. Beograd

CTP

CTPark Belgrade North

green bonds

euro bonds

industrial and logistics real estate