NEPI Rockcastle has issued a EUR 500 million Green Bond, with an order book topping EUR 3 billion, making it the strongest book build in NEPI Rockcastle’s history!
NEPI Rockcastle successfully placed EUR 500 million of Green Bonds on September 25. The bonds mature in January 2032 and have an annual fixed coupon of 4.25%. This marks NEPI Rockcastle’s first return to the eurobond market since January 2022. According to NEPI Rockcastle, “the issue achieved broad
institutional distribution, selling to asset managers (87%), [and] other types of institutional investors and banks (13%), with demand coming from a multitude of geographies such as UK (59%), DACH region (10%), France (9%) and Benelux (7%). Application has been made for listing the Bond with Euronext Dublin.”
Joint Lead Managers on the bond issuance were Deutsche Bank, Raiffeisen Bank International, SMBC, Societe Generale, and UniCredit.
“It is a privilege to be part of a team that has consistently delivered robust financial growth, enabling this strong market response to our latest green bond issue,” asserted NEPI Rockcastle CFO Eliza Predoiu, in a post on NEPI Rockcastle’s LinkedIn page. “The strength of demand is a solid endorsement of investors’ confidence in our credit quality and sustainability strategy. I’d like to thank everyone that helped make this happen and welcome both our established and new bond investors.”