Nexity announces the issue of its first green bond, offered to qualified investors, for €240 million, including an €84 million tranche maturing in 7 years (December 2026) with an annual coupon rate of 2.257%, and a €156 million tranche maturing in 8 years (December 2027) with an annual coupon rate of 2.464%.
The green bonds will be admitted for trading on Euronext AccessTM from 20 December 2019. The issuance of this Green Bond complies with the eligibility criteria set out in the Group’s Green Bond Framework.
The proceeds of the issuance will be used to finance and/or refinance the development and construction of residential real estate projects in France that meet several criteria, including the alignment with European NZEB (“Nearly Zero-Energy Buildings”) standards.
The allocation of funds to projects will be subject to a specific traceability process and annual reporting that will be audited and published on the Group’s website.
This Green Bond fits within the Group’s CSR policy, the fight against global warming and the contribution to the transition to a low-carbon economy, in line with Nexity’s ambitious target of a 30% reduction in tonnes of CO2 eq. per home delivered by 2030 (2015 basis).
This issuance was conducted in accordance with best market practices and with the Green Bond Principles published by the International Capital Markets Association (ICMA). The Green Bond Framework and the second party opinion (SPO) prepared by the non-financial agency Vigeo Eiris are available on the Group’s website.
This financing also enables the Group to further optimise its liabilities by increasing the maturity and controlling the average cost of its debt.
Natixis (Global Coordinator & sole Green Structuring Advisor) and Crédit Agricole Corporate and Investment Bank acted as joint bookrunners.
Source GlobeNewswire