AMSTERDAM, 24 March 2025 – CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the successful signing of its debut Japanese term loan facility (the “Samurai Loan”) of JP¥ 30 billion (EUR 185 million equivalent).
The Samurai Loan is sustainability linked and has a 5-year maturity. It was signed at TONAR + 130bps, which after swapping results in a EUR fixed all-in cost of 4.12%.
In total 13 banks participated in the Samurai Loan, with SMBC Group acting as sole Coordinator, sole Sustainability Coordinator, sole Bookrunner, and Mandated Lead Arranger.
The Samurai Loan represents a significant milestone for CTP as it allows to gain access to the large pool of Japanese yen investors and to further diversify its funding sources.
Richard Wilkinson, Group CFO of CTP, said:
With Samurai loan volumes rising to their highest level in over 15 years, non-Japanese companies are increasingly tapping into the Japanese currency, with some borrowers making their debuts in the Samurai loan market and others returning to raise larger amounts. SMBC continues to solidify its position as a leading arranging bank in the market. Leveraging its extensive global operations and unparalleled distribution capabilities in Japan, SMBC is uniquely equipped to assist non-Japanese borrowers in navigating the complexities of the Samurai market.
Daniel Johar, SMBC's Head of Origination and Co-Deputy Head of Loan Capital Markets in EMEA, said:
CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES: Maarten Otte, Head of Investor Relations Mobile: +420 730 197 500 Email: maarten.otte@ctp.eu
CONTACT DETAILS FOR MEDIA ENQUIRIES: Patryk Statkiewicz, Group Head of Marketing & PR Mobile: +31 (0) 629 596 119 Email: patryk.statkiewicz@ctp.eu
About CTP CTP is Europe’s largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.3 million sqm of GLA across 10 countries as at 31 December 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP’s corporate website: www.ctp.eu
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