Developer 7R has announced it successfully concluded the third phase of its green bond issuance.
The company reports that, since the beginning of this year and the first issuance, it obtained capital totaling approximately EUR 77 million, “marking an important milestone within the company’s EUR 100 million bond program.”
The bonds were issued under the 7R Green Finance Framework, which aligns with the International Capital Market Association Green Bond Principles and the Loan Market Association Green Loan Principles. Michael / Stroem Brokerage House is the sole organizer of the issuance under the program. The bonds are listed on Catalyst.
“Our third issuance this year highlights the strong confidence investors have in our strategic vision and ability to achieve our objectives. The funds raised have enabled us to acquire and secure sites for projects totaling approximately 400,000 GLA in prime locations across Poland,” commented 7R CFO and Member of the Management Board Tomasz Mika.
Image source: 7rsa.pl