Chicago, July 27 – Globalworth Real Estate Investments Ltd. priced €400 million of 2.95% green notes due 2026, according to a notice.
The notes were priced at 97.694.
The issue is the second drawdown on the company’s €1.5 billion euro medium-term note program.
Proceeds will be used to extend the debt maturity profile of the company and its subsidiaries, including financing or refinancing eligible green projects defined in the company’s green bond framework.
The company will also use proceeds to repurchase the €226.87 million of notes in its recently concluded tender offer for its 2 7/8% notes due June 2022.
Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Intesa Sanpaolo SpA, Societe Generale and UniCredit are joint bookrunners.
Deutsche Bank and Societe Generale are the joint green structuring advisers.
Globalworth is a real estate investment company with holdings located primarily in Romania and Southeast Europe. The company is based in Bucharest, Romania.
| Issuer: | Globalworth Real Estate Investments Ltd.
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| Issue: | Green notes
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| Amount: | €400 million
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| Maturity: | 2026
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| Bookrunners: | Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Intesa Sanpaolo SpA, Societe Generale and UniCredit
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| Coupon: | 2.95%
|
| Price: | 97.694
|
| Pricing date: | July 22
|
| Settlement date: | July 29
|
| Distribution: | Regulation S
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