S IMMO AG intends to issue a green bond

by   CIJ News iDesk III
2021-01-14   09:14
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S IMMO AG intends to issue a fixed-interest green bond with a term of seven years on the basis of a base prospectus approved by the Austrian Financial Market Authority (FMA) on January 11, 2021, depending on the prevailing market conditions. Erste Group Bank AG was mandated as sole lead manager and bookrunner.

The company intends to use the net issue proceeds for future growth and dedicates the expected funds for the full or partial (re-) financing of sustainable projects in accordance with its Sustainable Bond Framework. This includes in particular the (re) financing of properties in line with the strategy that have high-quality sustainability certificates, as well as measures to increase energy efficiency.

S IMMO AG is a real estate investment company with its head office in Vienna. Since 1987, we have been listed on the Vienna Stock Exchange. We invest exclusively in the European Union with a focus on capital cities in Austria, Germany and CEE. Around 70% of our property portfolio consist of commercial properties (offices, shopping centres and hotels). The remaining 30% comprise residential properties.

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