CTP announces the successful placement of a €750 million green bond and €250 million tender offer

CTP announces the successful placement of a €750 million green bond with a 6-year maturity and a 4.750% fixed coupon (Mid Swap +220 bps). The notes were settled and admitted to trading on Euronext Dublin on 5 February 2024.

The issuance, which marked CTP’s return to the Euro bond market, saw strong demand from investors and achieved an oversubscription of 5.5 times and an order book of more than €4.1 billion at its peak, reflecting the appetite for CTP’s strong credit profile.

The proceeds from this issuance will be used for general corporate purposes including financing of developments and the concurrent tender offer that was launched. CTP will allocate the net proceeds from the issuance to a portfolio of eligible assets in line with CTP’s Green Bond Framework.