Dentons has advised the CPI Property Group on its EUR 500 million issuance of Regulation S 7.0% green bonds due 2029.
The green bonds were issued under CPI's recently updated euro medium-term note program and are listed on the regulated market of Euronext Dublin.
According to Dentons, "the green bonds received a very positive response from the market as more than EUR 3 billion in orders were placed, meaning the order book was six times oversubscribed, which is the strongest-ever response to a bond issue by CPI. CPI intends to allocate an amount equivalent to the net proceeds of the bonds to fully retire the bridge loans related to the acquisitions of Immofinanz and S Immo."
The CPI Property Group is an owner of income-generating real estate in Central and Eastern Europe.
The Dentons team was led by London-based Partner Nick Hayday.
