Carmila Successfully Issues Inaugural €300M 7-Year Green Bond, Paying a Fixed Annual Coupon of 3.875%
September 17 2024 - 11:30AM
Business Wire
Regulatory News:
Carmila (Paris:CARM) today issued its first green bond for a
total amount of €300 million. With a maturity of just over seven
years, the bonds fall due on 25 January 2032 and pay an annual
coupon of 3.875%. The financing was raised at a spread of 160 basis
points above the benchmark rate with no issue premium.
Almost seven times oversubscribed, the issue met with great
success among French and international ESG investors. With this
inaugural green bond, Carmila is expanding its bond investor base
and is continuing to optimise its balance sheet, by extending the
maturity of its borrowings as well as improving its debt profile
and average cost of debt.
The transaction was carried out under Carmila's "Green Bond
Framework" published in October 2022. The funds raised from the
issue will be used to finance assets that meet stringent,
transparent eligibility criteria and have obtained BREEAM "Very
Good" or "Excellent" certification.
In parallel, Carmila has launched a partial buyback of existing
bonds, for which the tender period will run until 23 September
2024. The buyback relates to bonds maturing in May 2027, March
2028, October 2028 and April 2029.
INVESTOR AGENDA
17 October 2024 (after market close): Third-quarter 2024
financial information
IMPORTANT NOTICE
Some of the statements contained in this document are not
historical facts but rather statements of future expectations,
estimates and other forward-looking statements based on
management’s beliefs. These statements reflect such views and
assumptions prevailing as of the date of the statements and involve
known and unknown risks and uncertainties that could cause future
results, performance or events to differ materially from those
expressed or implied in such statements. Please refer to the most
recent Universal Registration Document filed in French by Carmila
with the Autorité des marchés financiers for additional information
in relation to such factors, risks and uncertainties. Carmila has
no intention and is under no obligation to update or review the
forward-looking statements referred to above. Consequently, Carmila
accepts no liability for any consequences arising from the use of
any of the above statements.
ABOUT CARMILA
As the third-largest listed owner of commercial property in
Europe, Carmila was founded by Carrefour and large institutional
investors in order to transform and enhance the value of shopping
centres adjoining Carrefour hypermarkets in France, Spain and
Italy. At 31 December 2023, its portfolio was valued at €5.9
billion, comprising 201 shopping centres, all leaders in their
catchment areas.
Carmila is listed on Euronext-Paris Compartment A under the
symbol CARM. It benefits from the tax regime for French real estate
investment trusts (“SIIC”).
Carmila has been a member of the SBF 120 since 20 June 2022.
This press release is available in the
“Funding” section of Carmila’s Finance webpage:
https://www.carmila.com/en/finance/funding/
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240917298781/en/
INVESTOR AND ANALYST CONTACT Pierre-Yves Thirion – CFO
pierre_yves_thirion@carmila.com +33 6 47 21 60 49
PRESS CONTACT Elodie Arcayna – Corporate Communications and CSR
Director elodie_arcayna@carmila.com +33 7 86 54 40 10
Carisma Therapeutics (NASDAQ:CARM)
Historical Stock Chart
From Oct 2024 to Oct 2024
Carisma Therapeutics (NASDAQ:CARM)
Historical Stock Chart
From Oct 2023 to Oct 2024