Successful private placement of €55m Green and Social Bonds by Cofinimmo

On 2 December, Cofinimmo successfully closed its first private placement of € 55 million of Green and Social Bonds. The tenor of the bonds is 8 years and the fixed annual coupon 2.0%. Cofinimmo is the first European REIT to issue Green and Social bonds, and this issue is also only the second green bond issue in Belgium.

The “green” label certifies that the funds raised are used to (re-)finance green projects, assets, or business activities, in line with the Green Bond Principles issued by the ICMA in 2015.

Cofinimmo will use the proceeds of the bond issue to (re)finance eligible “green and social” projects. Vigeo Eiris validated the “green and social” character of the selection criteria and the Group’s auditor will track the use of proceeds over the tenor of the bonds.

Degroof Petercam acted as Joint Bookrunner in a syndicate with two other banks.  

For more details on the Green Bond market, we refer to our blog post.

About Degroof Petercam Corporate Finance

Degroof Petercam Corporate Finance, 100% subsidiary of Bank Degroof Petercam, offers a full range of independent financial advisory services. Its team of 70 professionals based in Brussels, Paris and Lyon, occupies a leading position on the Belgian & French market.

Alexandra Niehe

Head of corporate communications

Thomas Van Rompuy

Senior Executive Advisor - media relations, economics, Bank Degroof Petercam

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house built on more than 150 years of integrated financial knowledge. Being privately owned by family shareholders driven by long-term commitment, we are independent by structure and by nature. We create responsible prosperity for all by opening doors to opportunities and accompanying our private, corporate and institutional clients with expertise. 

Clients in over 20 countries trust us for our convictions and for our distinctive combination of services in private banking, asset management, investment banking (corporate finance and global markets) and asset services. 

Total client assets (under management, under administration and in custody) amount to 86 billion euros (on 31.12.2021). More than 1,500 experts are committed to our clients through offices in Belgium, Luxembourg, France, Switzerland, Spain, the Netherlands, Germany, Italy and Hong Kong.

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