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Logistics leader raises €750m green bond

European logistics giant CTP has raised €750m (£642m) through the successful placement of a new green bond.

The bond has a six-year maturity and a 4.75% fixed coupon.

CTP, which develops, owns and manages more than 110m sq ft of logistics and industrial space across 10 countries in Europe, said funds raised would be used for general corporate purposes and financing developments.

The issuance, which marks CTP’s return to the euro bond market, achieved an oversubscription of 5.5 times and an order book of more than €4.1bn.

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