S IMMO announced the successful pricing of €75 million of green bonds. The green bonds have a five-year term and carry a fixed coupon of 5.5 percent per annum.
The green bonds have a minimum denomination of €500 and are being marketed for subscription by private investors in Austria and Germany until 11 July 2023 (subject to early closing). The green bonds will be listed on the Official Market of the Vienna Stock Exchange in the corporate prime segment. Proceeds will be used to finance or refinance eligible green projects as defined in S IMMO AG’s sustainable bond framework.
Herwig Teufelsdorfer, member of the Management Board of S IMMO AG, commented: “Today’s green bond issue is another step in S IMMO’s long track record of successful bond issues anchored primarily by investors from our region, who clearly appreciate the Company’s operational excellence and sustainability initiatives.”
The transaction was managed by Erste Group Bank AG as Sole-Lead-Manager, Bookrunner and Green Structuring Advisor.
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