Carmila issues its first green bond

(CercleFinance.com) - Carmila has issued its first "green bond" for 300 million euros, maturing on January 25, 2032, with an annual coupon of 3.
875%, an operation that was almost seven times oversubscribed.

The financing was raised with a margin of 160 basis points above the benchmark rate and without issue premium. It enables the property company to increase its bond investor base and further optimize its liabilities.

The issue is part of Carmila's 'Green Bond Framework' published in October 2022, and its funds will finance assets meeting demanding and transparent eligibility criteria with BREEAM 'Very Good' or 'Excellent' certification.

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