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Dentons Advises CPI Property Group on Debut Green Bond Issuance

Dentons Advises CPI Property Group on Debut Green Bond Issuance

Czech Republic

Dentons has advised CPI Property Group on its issuance of Regulation S EUR 750 million 1.625% green bonds due 2027. Allen & Overy reportedly advised joint lead managers Barclays, Deutsche Bank, HSBC, Raiffeisen Bank, and Societe Generale.

According to Dentons, “this transaction represents CPI's debut green bond issuance, making CPI the first real estate group to issue green bonds in its region.” 

The green bonds were issued under CPI's EUR 5 billion Euro Medium Term Note Programme and are listed on the regulated market of Euronext Dublin. According to Dentons, "they received a positive response from the market, attracting investors from a range of regions, such as the UK, France, Austria, and Asia, and market demand peaked at over EUR 2 billion."

Dentons also reports that “as the leading owner and manager of income-generating real estate in its region, CPI has ambitious plans to improve the environmental performance of its properties. Under its green bond framework, CPI has committed to using proceeds from the green bonds to finance and/or refinance green initiatives, such as acquiring and refurbishing certified green buildings, improving energy efficiency, and promoting sustainable farming.”

Dentons’ London-based team included Partner Nick Hayday, Associate Moeen Qayum, and Trainee Shinae Lee. Its Luxembourg-based team included Partner Stephane Hadet, Senior Associate Olivier Lesage, and Associate Christophe Renaudin. Denton’s Prague-based team included Partner Jiri Tomola.

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