CPI issues €750m in bonds for Warsaw acquisitions

by   CIJ iDesk I
2019-10-31   10:42
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CPI Property Group has issued €750m in unsecured green bonds. They offer a nominal yield of 1.625 percent and come due in April 2027. The company reports that investor demand for the security peaked at more than €2bn, following a two-day marketing exercise in London and Paris. UK investors made up 38 percent of the order book, following by Germany and Austria at 18 percent. Fund managers provided 77 percent of the demand, followed by insurance companies, pension funds and banks. CPI Property Group's total liquidity now exceeds €2bn, funds it says it will use to a large degree in acquiring office properties in Warsaw over the next year.