CPI PROPERTY GROUP (“CPIPG” or the “Company”), the leading owner of income generating real estate in the Czech Republic, Berlin and the CEE region, announces the successful issuance of HKD 450 million (approximately EUR 50 million) of bonds under the Company’s Euro Medium Term Note (EMTN) programme.
The notes, due 12 February 2024, are rated Baa2 (stable) by Moody’s and BBB (stable) by Standard & Poor’s. The notes will be listed on the regulated market of Euronext Dublin (ISIN code XS1950499639). CPIPG converted the proceeds from the notes into Euros through a cross-currency swap.
“CPIPG is committed to developing our global bond investor base” said David Greenbaum, CFO of CPI PROPERTY GROUP. “Our benchmark transactions in Swiss Francs and Japanese Yen, along with today’s Hong Kong Dollar placement, demonstrate that investors believe in our strong credit story and appreciate our track record of operating performance and capital structure improvements.”
The base prospectus, supplements to the base prospectus and the final terms in respect of the notes are available at the website of the Company (www.cpipg.com