SEGRO has issued €500m (£431m) of European bonds to pay for “green projects”, the logistics giant said this morning.
The FTSE 100 company said the bonds were priced at 90 basis points above euro mid-swaps and will pay a 0.875% coupon each year for eight years.
It issued the bonds on behalf of its European joint venture, the SEGRO European Logistics Partnership, in which it holds a 50% share.
The proceeds will finance or refinance projects which qualify for its Green Finance Framework, which was published earlier this week in a bid to help the company achieve its 2030 net-zero promise.
The framework criteria include developing buildings with “high-quality” sustainability certifications and refurbishing buildings to improve their energy efficiency.
Also included are “discrete projects” which encourage clean transport, generate renewable energy, reduce pollution and increase biodiversity.
To send feedback, e-mail alex.daniel@eg.co.uk or tweet @alexmdaniel or @EGPropertyNews
