Public Property Invest ASA successfully places EUR 350m long 7-year senior unsecured bond

18 Jun 2025 16:19 CEST

Public Property Invest ASA ("PPI") has today successfully placed a EUR 350
million bond issue. The Long 7-year senior unsecured fixed rate
EUR-denominated bonds mature on 1 October 2032 and pays a fixed coupon of
4.375%.

The bonds have been issued under PPI's existing EUR 2 billion EMTN programme
dated 25 November 2024 and supplemented on 18 June 2025. An application to
list the bonds on the Official List of Euronext Dublin will be made. The bond
issue is expected to be rated BBB by Fitch.

The net proceeds from the bond issue will be used for general corporate
purposes.

"The issue marks our second transcation in the public EUR bond market and
affirms our strong standing in the international capital markets as an
attractive investment. We are delighted with the reception from investors and
to be able to price the new bonds with zero new issue premium. The long 7-year
tenor is the longest achieved in several years by a Nordic real estate company
which underscores the value of PPI's strong social infrastructure portfolio
and lease contracts", says André Gaden, CEO.

DNB Carnegie, Goldman Sachs, J.P. Morgan and Nordea acted as joint bookrunners
in connection with the transaction.

For further queries, please contact: André Gaden, CEO,
andre@publicproperty.no, Ilija Batljan, CIO, ilija@publicproperty.no or
Marianne Aalby, EVP Finance, maa@publicproperty.no.

More information:
Access the news on Oslo Bors NewsWeb site