Over EUR 1 billion in 2 months: CTP’s Green bonds in high demand with investors

Prague, 30 November 2020

CTP, one of Europe’s top-five logistics property companies and the largest logistics property owner-developer in CEE, has successfully issued its second Green bond for EUR 400 million, following the company’s inaugural EUR 650 million issue in October. The proceeds from both bond sales will be used to finance a portfolio of Eligible Green Assets. CTP maintains a strong commitment to sustainability and targets carbon neutral operations by end 2021.

CTP B.V. (ticker CTPBVV) successfully issued its second Green bond for EUR 400 million on 27 November 2020. The 3-year bond, carrying a fixed annual coupon rate of 0.625%, received a strong reception from investors and was several times oversubscribed, with a peak order book in excess of EUR 1 billion. CTP’s inaugural Green bonds issue on 1 October 2020 raised EUR 650 million of new financing, making it the largest debut issuance by a CEE real estate company. CTP chose to issue Green bonds following its 2019 commitment to certify its entire portfolio of logistics and industrial projects to the BREEAM Very Good standard and higher.

Richard Wilkinson, CFO of CTP, comments:

The new debt issue achieved broad institutional distribution, selling primarily to asset managers (66%), with the bulk of demand coming from the UK/Ireland (34%), BeNeLux (22%), the DACH region (18%), France (14%) and Iberia/Italy (9%).

Jan Evert Post, Head of Investor Relations at CTP, adds:

The timing of the issue proved to be quite positive, allowing CTP to achieve attractive pricing and to upsize the issue by EUR 50 million from the original guidance of EUR 350 million.

The newly issued Green bond matures on 27 November 2023 and carries a fixed annual coupon at the rate of 0.625 percent. CTP B.V. bonds arebrated Baa3 (Stable) by Moody’s and BBB- (Stable) by S&P Prague.

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Informazioni su CTP

CTP Group è un operatore immobiliare commerciale che offre servizi completi nel settore immobiliare logistico. Il Gruppo è specializzato nella costruzione, proprietà e gestione di parchi commerciali/logistici ad alta tecnologia orientati al cliente per aziende leader a livello nazionale e internazionale che investono strategicamente in progetti nuovi o ampliati. CTP Group è il più grande operatore proprietario-sviluppatore full-service di immobili industriali e logistici di prima qualità nell'Europa centro-orientale. Il portafoglio principale del Gruppo è costituito da 6 milioni di metri quadrati di immobili di Classe A in oltre 100 posizioni strategiche in sei paesi dell'Europa centro-orientale: Repubblica Ceca, Slovacchia, Ungheria, Serbia, Romania e Polonia. Nell'ambito del suo impegno a lungo termine per la costruzione e la proprietà di asset più efficienti e sostenibili, CTP ha già oltre 90% del suo portafoglio logistico/industriale certificati BREEAM ("Molto buono" o "Eccellente") e prevede di raggiungere la neutralità carbonica nelle sue attività entro la fine del 2021.