Tritax EuroBox has raised €500m (£432m) from its first green bond sale, becoming the latest real estate company to take advantage of huge investor demand for such deals.
The company said the issuance was “significantly oversubscribed” following four days of investor calls led by fund manager Nick Preston, finance director Mehdi Bourassi (pictured) and Tritax Group sustainability lead Helen Drury.
The five-year bonds, rated BBB- by Fitch, priced with a coupon of 0.95% and mark the company’s first debt capital markets deal. The proceeds will be used to finance or refinance buildings identified under the company’s newly published Green Finance Framework. That strategy includes buying green assets and improving the sustainability credentials of existing assets.
