By Marisa Wong
Morgantown, W.Va., May 10 – Fonciere des Regions announced it priced its first issue of green bonds, totaling €500 million, on Monday.
The 10-year bonds were priced with a 1.875% coupon, or 137 basis points above the swap rate.
The notes have been more than five times oversubscribed, the company said in a press release.
This issue will be used to finance or refinance office buildings under development or recently delivered and with a HQE (minimum target of 9/14) or Breeam (very good and above) certification.
Settlement is expected to occur on May 20.
Fonciere des Regions is a Paris-based real estate developer.
| Issuer: | Fonciere des Regions
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| Issue: | Green bonds
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| Amount: | €500 million
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| Maturity: | 10 years
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| Coupon: | 1.875%
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| Spread: | 137 bps
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| Pricing date: | May 9
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| Settlement date: | May 20
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