CPI PROPERTY GROUP - High Demand for Recent Green Bond

EQS-News: CPI PROPERTY GROUP / Key word(s): ESG/Real Estate
CPI PROPERTY GROUP - High Demand for Recent Green Bond

07.05.2024 / 18:20 CET/CEST
The issuer is solely responsible for the content of this announcement.

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CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

Press Release - Corporate News

Luxembourg, 7 May 2024

CPI PROPERTY GROUP - High Demand for Recent Green Bond

CPI PROPERTY GROUP ('CPIPG' or the 'Company'), a leading European landlord,
is pleased to announce the closing of EUR500 million of 5-year senior
unsecured green bonds.

More than EUR3 billion of orders were placed for the green bonds, the
strongest-ever response to a bond issue by CPIPG. With a six times
oversubscribed orderbook, CPIPG was able to reduce the cost significantly
from initial guidance to pricing. The coupon was set at 7%, which is higher
than CPIPG's historic cost of debt. However, CPIPG proceeded with the green
bonds in order to bolster liquidity and demonstrate market access in support
of the Group's credit ratings and capital structure.

'Events of past few years have created many opportunities for investors to
test, examine and get to know CPIPG,' said David Greenbaum, CEO. 'We are
grateful for the support and remain focused on delivering for all
stakeholders.'

Barclays, Goldman Sachs, Santander, Société Générale, Erste Group, SMBC,
Raiffeisen Bank International and UniCredit acted as joint bookrunners on
the transaction.

CPIPG will allocate an amount equivalent to the net proceeds to fully retire
the bridge loans related to the acquisitions of IMMOFINANZ and S IMMO. This
application of proceeds meets the eligibility criteria for green bonds under
CPIPG's sustainability finance framework. In particular, both IMMOFINANZ and
S IMMO have a large number of green-certified buildings which are now part
of the Group.

The green bonds are listed on the Main Market of the Irish Stock Exchange
plc (trading as Euronext Dublin) and are accepted for clearance through
Euroclear and Clearstream, Luxembourg. The green bonds, issued under the
Company's Euro Medium-Term Note Programme, are rated Baa3 by Moody's and
BBB- by Standard & Poor's. The ISIN code for the green bonds is XS2815976126
and the Common Code is 281597612.

The base prospectus and final terms for the green bonds, along with the
Group's sustainability finance framework, are available at the website of
the Company ( www.cpipg.com).

For further information, please contact:

Investor Relations

Moritz Mayer
Manager, Capital Markets
m.mayer@cpipg.com
For more on CPI Property Group, visit our website: www.cpipg.com
Follow us on X (CPIPG_SA) and LinkedIn


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07.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        CPI PROPERTY GROUP
                   40, rue de la Vallée
                   L-2661 Luxembourg
                   Luxemburg
   Phone:          +352 264 767 1
   Fax:            +352 264 767 67
   E-mail:         contact@cpipg.com
   Internet:       www.cpipg.com
   ISIN:           LU0251710041
   WKN:            A0JL4D
   Listed:         Regulated Market in Frankfurt (General Standard);
                   Regulated Unofficial Market in Dusseldorf, Stuttgart
   EQS News ID:    1897965

End of News EQS News Service
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1897965 07.05.2024 CET/CEST