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Dentons Advises CPI Property Group on Green Bond Issuance

Dentons Advises CPI Property Group on Green Bond Issuance

Czech Republic
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Dentons has advised the CPI Property Group on its EUR 500 million issuance of Regulation S 7.0% green bonds due 2029.

The green bonds were issued under CPI's recently updated euro medium-term note program and are listed on the regulated market of Euronext Dublin.

According to Dentons, "the green bonds received a very positive response from the market as more than EUR 3 billion in orders were placed, meaning the order book was six times oversubscribed, which is the strongest-ever response to a bond issue by CPI. CPI intends to allocate an amount equivalent to the net proceeds of the bonds to fully retire the bridge loans related to the acquisitions of Immofinanz and S Immo."

The CPI Property Group is an owner of income-generating real estate in Central and Eastern Europe.

The Dentons team was led by London-based Partner Nick Hayday.

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Across over 80 countries, Dentons helps you grow, protect, operate and finance your organization by providing uniquely global and deeply local legal solutions. Polycentric, purpose-driven and committed to inclusion, diversity, equity and sustainability, we focus on what matters most to you.

Dentons is one of the leading law firms in CEE and Central Asia with offices in Warsaw, Prague, Budapest, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

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