Cerha Hempel has advised CA Immobilien Anlagen on its EUR 350 million placement of a fixed rate senior unsecured green bond (with a maturity of five years and an annual coupon of 1.0%). The Frankfurt office of Linklaters reportedly advised joint global coordinators J.P. Morgan Securities plc and Morgan Stanley & Co International plc and joint bookrunners and joint sustainability structuring agents UniCredit Bank AG and Raiffeisen Bank International AG.
According to Cerha Hempel, “the issuance was oversubscribed more than 5.4 times with strong demand by more than 150 investors. The bond trades on the Official Market of the Vienna Stock Exchange.” The firm stated that, “the international rating agency Moody’s Investors Service Ltd. has assigned an investment grade rating of ‘Baa2’ to the bond. CA Immo’s long term rating is also ‘Baa2’ with stable outlook.”
CA Immobilien Anlagen is a real estate company specialized in leasing, management, and project development of office spaces in Central Europe. Cerha Hempel reported that the firm "intends to use the net proceeds of the bonds in particular for further growth and the optimization of its financing structure and other general corporate purposes."
Cerha Hempel’s team consisted of Partners Volker Glas and Thomas Zivny, Senior Counsel Christian Aichinger, and Associate Mathias Drescher.