Public Property Invest ASA successfully places an inaugural EUR 300m senior unsecured bond

05 Dec 2024 17:34 CET

Public Property Invest ASA ("PPI") has today successfully placed an inaugural
EUR 300m bond. The 5.25-year senior unsecured fixed rate EUR-denominated bond
matures on 12 March 2030 and pays a fixed coupon of 4.625%. The offering was
significantly oversubscribed and placed with more than 100 international
investors.

The bond has been issued under PPI's newly established EUR 2bn EMTN programme
dated 25 November 2024. An application to list the bonds on the Official List
of Euronext Dublin will be made. The bond is expected to be rated BBB by
Fitch.

The net proceeds from the bond will be used for general corporate purposes and
to repay existing secured debt.

"This inaugural EUR 300m bond issue under the EMTN program marks a new chapter
in PPI's short history. We are very grateful for the investor confidence shown
us, which resulted in the book being approximately 5x oversubscribed", says
Ilija Batljan, Interim CEO of PPI.

Citi, Danske Bank, DNB, J.P. Morgan and Nordea acted as joint bookrunners in
connection with the transaction.

For further queries, please contact: lija Batljan, Interim CEO,
ilija@publicproperty.no, +46 (0) 705183967, Ylva Gøransson, CFO,
ylva@publicproperty.no, +47 93024082 or Marianne Aalby, EVP Finance and ESG,
maa@publicproperty.no, +47 92614477

More information:
Access the news on Oslo Bors NewsWeb site