CTP Places €500 Million Green Bond, Oversubscribed 2.8 Times

CTP has placed a €500 million green bond with a three-year maturity and a 3.625 percent fixed coupon, priced at 65 basis points over the mid-swap rate. The senior unsecured issuance drew an order book reaching €2 billion, allowing pricing to tighten by 35 basis points from initial price talk, with final orders settling at over €1.4 billion, 2.8 times oversubscribed. Proceeds will finance or refinance a portfolio of eligible assets under CTP's Green Bond Framework.

 

The three-year maturity extends CTP's existing debt profile following a separate repricing and extension of its €500 million unsecured syndicated term loan in June, which pushed that facility's maturity from 2029 to 2032 while reducing its margin from 190 to 135 basis points. Together, these two transactions leave only 9 percent of CTP's total debt due in 2029, a debt management approach the company describes as allowing it to take advantage of current market conditions at the shorter three-year tenor while maintaining a more evenly spread overall maturity schedule rather than concentrating repayment obligations in a single period.

 

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CTP describes itself as Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area. The notes were priced on 19 August 2026 and are scheduled to settle and begin trading on Euronext Dublin on 26 August 2026.

 

Source: CTP N.V.