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
|
| Guarantor: | Signa Development Selection AG
|
| Issue: | Green bonds
|
| Amount: | €300 million
|
| Maturity: | Five years
|
| Coupon: | 5½%
|
| Trade date: | July 19
|
| Distribution: | Regulation S
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
