Berkeley Group to Issue GBP400 Million in Green Bonds to Fund Portfolio
August 04 2021 - 1:21PM
Dow Jones News
By Joe Hoppe
Berkeley Group Holdings PLC said Wednesday that it will issue
400 million pounds ($556.7 million) of unsecured green bonds in
order to finance or refinance a portfolio of eligible assets.
The house builder said the bonds mature in 10 years and have a
2.5% coupon a year. They are expected to be issued on August
11.
The proceeds will be used in the company's development
activities in line with its green bond framework, specifically
those related to the development of green, energy efficient
buildings on its large-scale, brownfield regeneration sites.
Write to Joe Hoppe at joseph.hoppe@wsj.com
(END) Dow Jones Newswires
August 04, 2021 13:15 ET (17:15 GMT)
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