Profil:
MLP Group SAMLP Group real estate issues green bonds worth EUR 300 mln
Real estate developer MLP Group has issued green bonds worth EUR 300 million with a coupon of 6.125 percent and maturity in 2029, the company said in a press release.
"With the funds raised, we will accelerate our growth with a strong focus on city logistics and data centre projects. We want to be the developer of first choice for tenants in key urban centres in Europe," Radoslaw T. Krochta said.
The issue attracted strong demand from investors and reached multiple oversubscriptions.
"It was eventually subscribed by around 125 entities, mainly large asset managers, pension, and insurance funds. The green bonds will provide important support for the implementation of our strategic investments," CFO Monika Dobosz added.
Citi and Santander Group acted as global coordinators of the issue and bookrunners.
The bonds are listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF market of the Luxembourg Stock Exchange.
MLP Group, in line with its strategy and investors' expectations, intends to accelerate its growth in the German market. The aim is to balance the portfolio and achieve at least 30 percent allocation in the German market by 2028. The Group is also focusing on delivering small and medium-sized warehouse modules.
doa/ nl/ han/