Unibail-Rodamco SE announces that it has successfully placed the first "Green Bond" (1) issuance for a real-estate company in the Euro market.
The bond will offer a coupon of 2.5% for a 10-year maturity and for an amount of €750 million. The issuance was 3.4 times oversubscribed, the order book reaching over €2.5 billion in less than 2 hours.
This placement confirms Unibail-Rodamco's commitment and long-term view on sustainability in all of its activities. It also confirms the confidence of bond investors in the Group's credit profile and illustrates the ability of Unibail-Rodamco to diversify its sources of funding.
(1) A "Green bond" is a debt instrument for which the use of proceeds are allocated to finance brownfield and/or existing assets which meet specific social, environmental and sustainable criteria