• €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.

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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.

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