7R has completed the first phase of its green bond issuance, representing the inaugural step in its EUR 100 million bond program.
Initially aiming for EUR 25 million, the company reported exceptionally high demand from institutional and selected private investors, allowing it to raise the total amount to EUR 35 million.
“The strong interest from investors, and the oversubscription of our green bond issuance highlights the confidence in 7R’s solid foundations, clear vision, management and capability to achieve our goals,” said Chris Zeuner, Co-CEO of 7R. “This milestone demonstrates our dedication to advancing our growth strategy while utilising suitable and sustainable funding solutions.”
7R intends to use the proceeds from the green bonds to support the development of over 350,000 square meters of gross leasable area throughout 2025. These projects, according to 7R, “are designed to meet strict environmental criteria, including achieving BREEAM Excellent certifications or above and exceeding the local Nearly Zero Energy Building standards by at least 10 percent …. The eligible green projects funded by this issuance will contribute to the EU’s climate change mitigation goals and support the achievement of UN Sustainable Development Goals.”
The bonds were issued under the 7R Green Finance Framework, which, according to 7R, aligns with the International Capital Market Association’s Green Bond Principles and the Loan Market Association’s Green Loan Principles.
Michael / Strom Brokerage House is the sole organizer of the issuance under the program.The bonds will be listed on Catalyst.