• €1 billion raised via dual-tranche green bonds, reinforcing ESG commitments.
• Average debt cost reduced to 4.0%, improving financial efficiency.
• Debt maturity extended to 5.3 years, strengthening long-term stability.

CTP, Europe’s leading industrial and logistics property firm, completed a dual-tranche issuance of €1 billion in green bonds—two benchmarks of €500 million each at maturities of 6 and 10 years.

• The 6-year bond issued at a 3.625% fixed coupon (Mid Swap +145 bps).
• The 10-year bond issued at a 4.25% fixed coupon (Mid Swap +188 bps).

The successful placement highlights strong investor confidence and ESG investment appetite, supporting CTP’s robust credit profile.

RELATED ARTICLE: ICMA Releases New Resources on Sustainability-Linked Bonds, Green Bonds and Sustainability-Linked Loans Financing Bonds

Strategic financial move:

Proceeds will finance or refinance eligible green assets aligned with CTP’s Green Bond Framework and repay higher-interest debt from 2022 and 2023. This strategic refinancing significantly enhances financial efficiency.

• Improved average debt cost, positively impacting net present value (NPV).
• Strengthened Interest Cover Ratio (ICR).

Why it matters:

Reducing debt costs and extending maturity directly boosts CTP’s competitive positioning, enabling sustainable growth.

“The issuance saw good demand from investors, reflecting the appetite for CTP’s strong credit profile.”

Timeline:

• Pricing finalized on 3 March 2025.
• Bonds listed on Euronext Dublin as of 10 March 2025.

Follow ESG News on LinkedIn

ESG News Editorial Team

The ESG News Editorial Team is comprised of veteran financial journalists and sustainability analysts dedicated to providing real-time, objective reporting on global ESG regulations, climate finance, and corporate governance. Our desk monitors daily developments from the SEC, IFRS, CSRD and international regulatory bodies to ensure our 1M+ readers receive accurate, data-driven insights into the evolving sustainable investment landscape. Follow the ESG News Editorial Team for expert reporting on global sustainability standards, ESG disclosures, and climate policy. Access over 10,000 investigative reports and real-time updates.