Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Fastigheter |
| Industri | Förvaltning |
Public Property Invest ASA (“PPI”) has today successfully placed an inaugural EUR 300m bond. The 5.25-year senior unsecured fixed rate EUR-denominated bond matures on 12 March 2030 and pays a fixed coupon of 4.625%. The offering was significantly oversubscribed and placed with more than 100 international investors.
The bond has been issued under PPI’s newly established EUR 2bn EMTN programme dated 25 November 2024. An application to list the bonds on the Official List of Euronext Dublin will be made. The bond is expected to be rated BBB by Fitch.
The net proceeds from the bond will be used for general corporate purposes and to repay existing secured debt.
“This inaugural EUR 300m bond issue under the EMTN program marks a new chapter in PPI’s short history. We are very grateful for the investor confidence shown us, which resulted in the book being approximately 5x oversubscribed”, says Ilija Batljan, Interim CEO of PPI.
Citi, Danske Bank, DNB, J.P. Morgan and Nordea acted as joint bookrunners in connection with the transaction.
For further queries, please contact: lija Batljan, Interim CEO, ilija@publicproperty.no, +46 (0) 705183967, Ylva Gøransson, CFO, ylva@publicproperty.no, +47 93024082 or Marianne Aalby, EVP Finance and ESG, maa@publicproperty.no, +47 92614477