VGP NV: Successfully Issues its Inaugural € 600 million 8-year Green Bond
31 Mars 2021 - 6:00PM
VGP NV: Successfully Issues its Inaugural € 600 million 8-year
Green Bond
Press
ReleaseRegulated
Information
31 March 2021, 6:00 pm, Antwerp
(Berchem), Belgium: VGP NV (‘VGP’ or ‘the Group’), a
European provider of high-quality logistics and semi-industrial
real estate, today announces that it has successfully issued its
first public benchmark green bond for an aggregate nominal amount
of € 600 million, paying a coupon of 1.50 per cent. p.a. and
maturing on 8 April 2029.
The market has received VGP’s issuance well as
the demand exceeded 2.7 times the volume of the issue.
The proceeds from this issuance will be used to finance and /or
refinance a portfolio of eligible assets in accordance with the VGP
Green Finance Framework of March 2021.
The bond will be listed on the Luxembourg Stock
Exchange (EuroMTF).
“The launch of our inaugural green bond is a
further building block in our long-term sustainability strategy,”
said Jan Van Geet, CEO of VGP. “We intend to use the proceeds to
fund our majority pre-let development pipeline and to support the
needs of our customers through the build out of renewable energy
assets and the design and development of new green logistics and
semi-industrial parks which deliver towards high standards of
energy efficiency.”
The settlement and admission to trading of the
notes are scheduled for 8 April 2021.
The banks acting on the transaction are J.P.
Morgan and KBC Bank NV, as Joint Global Coordinators and Joint
Green Bond Structuring Agents, and together with Belfius Bank SA/NV
and BNP Paribas, as Joint Bookrunners.
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
Anette NachbarBrunswick Group |
Tel: +49 152 288 10363 |
ABOUT VGP
VGP is a pan-European developer, manager and
owner of high-quality logistics and semi-industrial real estate.
VGP operates a fully integrated business model with capabilities
and longstanding expertise across the value chain. The company has
a development land bank (owned or committed) of 7.65 million m² and
the strategic focus is on the development of business parks.
Founded in 1998 as a family-owned real estate developer in the
Czech Republic, VGP with a staff of over 260 employees today owns
and operates assets in 12 European countries directly and through
several 50:50 joint ventures. As of December 2020, the Gross Asset
Value of VGP, including the joint ventures at 100%, amounted to €
3.84 billion and the company had a Net Asset Value (EPRA NAV) of €
1.35 billion. VGP is listed on Euronext Brussels and on the Prague
Stock Exchange (ISIN: BE0003878957).
For more information, please
visit: http://www.vgpparks.eu
Forward-looking statements:
This press release may contain forward-looking statements.
Such statements reflect the current views of management regarding
future events, and involve known and unknown risks, uncertainties
and other factors that may cause actual results to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. VGP is
providing the information in this press release as of this date and
does not undertake any obligation to update any forward-looking
statements contained in this press release considering new
information, future events or otherwise. The information in this
announcement does not constitute an offer to sell or an invitation
to buy securities in VGP or an invitation or inducement to engage
in any other investment activities. VGP disclaims any
liability for statements made or published by third parties and
does not undertake any obligation to correct inaccurate data,
information, conclusions or opinions published by third parties in
relation to this or any other press release issued by VGP.
- 2021.03.31_VGP_Green Bond Offering_EN
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