European logistics specialist Tritax Eurobox has announced plans to launch its inaugural green bond issue at a time when it prepares to enter new markets such as Sweden, with roughly €100 mln of deals in exclusivity across three markets.
In a statement on Thursday, Tritax said that it has mandated BNP Paribas as green structuring agent and BNP Paribas and BofA Securities as joint active bookrunners to arrange a series of fixed income investor calls, commencing on Friday 21 May.
The company is studying the issue of a €500 mln unsecured facility with a fixed rate and a 5-7 year term.
Tritax EuroBox is rapidly deploying the proceeds of a €230 mln equity raise carried out in March. It has already transacted €291 mln of assets and is in exclusivity on a further €100 mln of properties in Piedmont, Italy, Sweden and Nord-Rhein Westphalia, Germany.
The company has a further €500 mln of potential investments under appraisal, which include seven assets.
‘The drivers of our market are stronger than ever and our Manager has identified a substantial pipeline of attractive opportunities that support our strategic goals and is carefully deploying the proceeds of our €230 mln equity raise that was oversubscribed in March 2021,’ the company said.
