By Wendy Van Sickle
Columbus, Ohio, Aug. 4 – Berkeley Group plc priced £400 million of 10-year 2.5% green notes (expected: //BBB-) on Wednesday, according to a notice.
The notes are guaranteed by Berkeley Group Holdings plc.
Barclays Bank plc and HSBC Bank plc were the global coordinators and green structuring advisers and were active lead managers along with Lloyds Bank Corporate Markets plc and NatWest Markets plc. Banco Santander SA was a passive lead manager.
Proceeds will be used to develop energy-efficient homes on complex large-scale regeneration sites, where Berkeley is transforming brownfield land into low-carbon neighborhoods and communities.
The property developer and house-builder based in Cobham, England.
| Issuer: | Berkeley Group plc
|
| Guarantor: | Berkeley Group Holdings plc
|
| Issue: | Green notes
|
| Amount: | £400 million
|
| Maturity: | 10 years
|
| Lead managers: | Barclays Bank plc, HSBC Bank, Lloyds Bank Corporate Markets plc and NatWest Markets plc (active) and Banco Santander SA (passive)
|
| Coupon: | 2.5%
|
| Expected rating: | Fitch: BBB-
|
| Pricing date: | Aug. 4
|
| Settlement date: | Aug. 11
|
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