By Rebecca Melvin
Concord, N.H., July 21 – Signa Development Selection AG sold €300 million of 5½% senior green bonds due in five years, in its inaugural transaction in the capital markets, according to a regulatory release.
The Regulation S notes were sold on Monday.
The bond was issued by Signa Development Finance SCS, a wholly owned subsidiary of SDS and is backed by a guarantee from SDS.
The proceeds will be used for sustainable projects.
The real estate developer is based in Austria.
Issuer: | Signa Development Finance SCS
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Guarantor: | Signa Development Selection AG
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Issue: | Green bonds
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Amount: | €300 million
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Maturity: | Five years
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Coupon: | 5½%
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Trade date: | July 19
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Distribution: | Regulation S
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