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    EANS-News  146  0 Kommentare Atrium European Real Estate Limited / ATRIUM RAISES EUR350 MILLION IN MORE THAN THREE TIMES OVERSUBSCRIBED GREEN HYBRID BOND ISSUANCE TO SUPPORT RESIDENTIAL FOR RENT INVESTMENT PROGRAMME

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    Company Information

    St Helier Jersey / Channel Islands - NOT FOR DISTRIBUTION IN OR INTO OR TO ANY
    PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND
    POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE
    "UNITED STATES") OR TO ANY U.S. PERSON (AS DEFINED BELOW) OR IN OR INTO ANY
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    ATRIUM EUROPEAN REAL ESTATE LIMITED

    ATRIUM RAISES EUR350 MILLION IN MORE THAN THREE TIMES OVERSUBSCRIBED GREEN
    HYBRID BOND ISSUANCE TO SUPPORT RESIDENTIAL FOR RENT INVESTMENT PROGRAMME

    Jersey, 27 April 2021. Atrium European Real Estate Limited ("Atrium" or the
    "Company" and together with its subsidiaries, the "Group"), a leading owner,
    operator and redeveloper of shopping centres and retail real estate in Central
    Europe, announces that it has priced a EUR350 million inaugural green hybrid
    bond under its EMTN Programme (the "Notes").

    The Notes attracted strong demand with an orderbook of EUR1.2 billion and were
    placed with a broad range of European and international institutional debt
    investors, including those investors with a specific focus on ESG/sustainable
    investment portfolios. The Notes carry a coupon of 3.625% until the first reset
    date and the issue price of the Notes is 98.197%. The Notes will be callable for
    the first time on 4 August 2026. The issue date is expected to be on or around 4
    May 2021.

    An amount equal to the net proceeds of the offering will be allocated to finance
    or refinance Eligible Projects and/or Assets including residential for rent as
    defined in Atrium's Green Financing Framework. Sustainalytics has provided a
    Second Party Opinion on Atrium's Green Financing Framework confirming its
    alignment with the ICMA Green Bond Principles and LMA Green Loan Principles.

    Following the issuance, the Company's reported Net LTV will be 27%, with the
    long-term target remaining unchanged at 40%.

    Atrium will apply for the Notes to be listed on the official list of the
    Luxembourg Stock Exchange and admitted to trading on the Luxembourg Stock
    Exchange's regulated market.

    Liad Barzilai, Chief Executive Officer of Atrium Group, commented:
    "Atrium's successful first Hybrid green bond issuance, which was more than three
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    EANS-News Atrium European Real Estate Limited / ATRIUM RAISES EUR350 MILLION IN MORE THAN THREE TIMES OVERSUBSCRIBED GREEN HYBRID BOND ISSUANCE TO SUPPORT RESIDENTIAL FOR RENT INVESTMENT PROGRAMME - Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - Company Information St Helier Jersey / Channel Islands - NOT FOR DISTRIBUTION IN OR INTO OR …