Unibail-Rodamco has placed a €750 mln ‘green bond’, the first such issuance for a real estate company in the Euro market.
Unibail-Rodamco has placed a €750 mln ‘green bond’, the first such issuance for a real estate company in the Euro market.
The bond will offer a coupon of 2.5% for a 10-year maturity. Unibail-Rodamco said the issue was 3.4 times oversubscribed, with the order book reaching over €2.5 bn in less than two hours.
A ‘green bond’ is a debt instrument for which the use of proceeds are allocated to finance brownfield and/or existing assets which meet specific social, environmental and sustainable criteria.