VGP NV: Successfully Issues € 1.0 Billion Senior Unsecured Green Bonds Across Two Tranches of 5-Year and 8-Year
January 10 2022 - 12:00PM
VGP NV: Successfully Issues € 1.0 Billion Senior Unsecured Green
Bonds Across Two Tranches of 5-Year and 8-Year
Press
ReleaseRegulated
Information
10 January
2022,
6.00 pm, Antwerp,
Belgium: VGP NV (‘VGP’ or ‘the Group’), a European
provider of high-quality logistics and semi-industrial real estate,
today announces that it has successfully issued its second public
benchmark green bonds for an aggregate nominal amount of € 1.0
billion, in two tranches, with a €500 million 5-year bond paying a
coupon of 1.625 per cent p.a. and maturing on 17 January
2027 and a €500 million 8-year bond paying a coupon of 2.250
per cent p.a. and maturing on 17 January 2030.
The new issuance has benefitted from a great
market reception with total demand just under 2.5 times the
combined volume of the offering. With this transaction, VGP joins
the very small group of Belgian issuers having printed € 1,000
million in a single deal and is the first Belgian Real Estate
player to ever have done so. The proceeds from this issuance will
be used to finance and /or refinance a portfolio of eligible assets
in accordance with the VGP Green Finance Framework dated March
2021.
The bonds will be listed on the Luxembourg Stock
Exchange (EuroMTF). The settlement and admission to trading of the
notes are scheduled for 17 January 2022.
“I am very pleased with the strong reception by
the market of our second green bond offering. We have a huge growth
year behind and in front of us and are fully allocated this
afternoon.” said Jan Van Geet, CEO of VGP. “The
financial community has a critical role to play in supporting
sustainable developments, including the transition to a low carbon
economy. In this respect, it’s very encouraging to see so much
investor interest in helping us supporting the needs of our
customers through the build out of renewable energy assets and the
design and development of new green logistics and semi-industrial
parks which deliver towards high standards of energy efficiency,
and deliver on our climate ambitions.”
The banks acting on the transaction as
bookrunners are Belfius Bank, BNP Paribas, J.P. Morgan AG and KBC
Bank NV.
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
Anette NachbarBrunswick Group |
Tel: +49 152 288 10363 |
ABOUT VGP
VGP N.V. is a pan-European developer, manager
and owner of high-quality logistics and semi-industrial real
estate. VGP operates a fully integrated business model with
capabilities and longstanding expertise across the value chain. The
company has a development land bank (owned or committed) of 10.94
million m² and the strategic focus is on the development of
business parks. Founded in 1998 as a Belgian family-owned real
estate developer in the Czech Republic, VGP with a staff of circa
350 employees owns and operates assets in 12 European countries
directly and through several 50:50 joint ventures. As of June 2021,
the Gross Asset Value of VGP, including the joint ventures at 100%,
amounted to € 4.48 billion and the company had a Net Asset Value
(EPRA NTA) of € 1.51 billion. VGP is listed on Euronext Brussels
(ISIN: BE0003878957).
For more information, please visit:
http://www.vgpparks.eu
Forward-looking statements:
This press release may contain forward-looking statements. Such
statements reflect the current views of management regarding future
events, and involve known and unknown risks, uncertainties and
other factors that may cause actual results to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. VGP is
providing the information in this press release as of this date and
does not undertake any obligation to update any forward-looking
statements contained in this press release considering new
information, future events or otherwise. The information in this
announcement does not constitute an offer to sell or an invitation
to buy securities in VGP or an invitation or inducement to engage
in any other investment activities. VGP disclaims any liability for
statements made or published by third parties and does not
undertake any obligation to correct inaccurate data, information,
conclusions or opinions published by third parties in relation to
this or any other press release issued by VGP.
- 2022.01.10_VGP_Green Bond Offering_EN
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