By Laura Contemori – ROME (Econostream) – Luxembourg-based real estate group CPI Property Group on Tuesday priced €550 million of six-year senior unsecured European Green Bond (EuGB) notes.
The notes mature on July 7, 2032 and carry a fixed annual coupon of 5.875%. The reoffer spread was set at 411.4bp over mid-swaps, with a reoffer price of 95.215 and a yield of 6.875%.
The notes are expected to be rated Ba2 by Moody’s and BB by S&P.
Settlement is scheduled for July 7, 2026.
Citi, Erste Group, Raiffeisen Bank International, Santander and Société Générale acted as joint bookrunners.
The time of execution was 15:36 CET (14:36 UK time).