By Devika Patel
Knoxville, Tenn., Oct. 30 – CPI Property Group sold €750 million of 1 5/8% senior green bonds due April 23, 2027, according to a press release.
Investor demand for the new issue peaked at more than €2 billion.
Proceeds of the Regulation S bonds will be used to acquire high-quality office properties in central Warsaw during 2019 and 2020.
CPI Property is a Luxembourg-based real estate company focused on property investments in central and Eastern Europe.
| Issuer: | CPI Property Group
|
| Securities: | Senior green bonds
|
| Amount: | €750 million
|
| Maturity: | April 23, 2027
|
| Coupon: | 1 5/8%
|
| Announcement date: | Oct. 30
|
| Distribution: | Regulation S
|
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