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CERHA HEMPEL advised CA Immobilien Anlagen AG on placement of a EUR 350 million green bond

CERHA HEMPEL advised the stock exchange listed CA Immobilien Anlagen AG in connection with its EUR 350 million debut placement of a fixed rate senior unsecured green bond.

CERHA HEMPEL advised the stock exchange listed CA Immobilien Anlagen AG (“CA Immo“) in connection with its EUR 350 million debut placement of a fixed rate senior unsecured green bond with a maturity of 5 years and an annual coupon of 1.0%. The issuance was oversubscribed more than 5.4 times with strong demand by more than 150 investors. The bond trades on the Official Market of the Vienna Stock Exchange. The international rating agency Moody’s Investors Service Ltd. has assigned an investment grade rating of “Baa2” to the bond. CA Immo’s long term rating is also “Baa2” with stable outlook.

CA Immo intends to use the net proceeds of the bonds in particular for further growth and the optimisation of its financing structure and other general corporate purposes. The expected net proceeds will be largely used to finance or re-finance green buildings in accordance with our Sustainability Bond Framework. This includes the potential financing or re-financing of commercial properties that either have been certified by green building certification schemes including LEED or DGNB Gold or have a primary energy requirement that is at least 25% below the levels prescribed by local standards such as the German Energy Saving Ordinance (EnEV) or PENB (Czech Republic).

J.P. Morgan Securities plc and Morgan Stanley & Co International plc acted as Joint Global Coordinators. UniCredit Bank AG and Raiffeisen Bank International AG acted as Joint Bookrunners and Joint Sustainability Structuring Agents to the Issuer along with J.P. Morgan Securities plc and Morgan Stanley & Co International plc. Sustainalytics has provided the Second Party Opinion on the Company’s Sustainability Bond Framework.

The team at CERHA HEMPEL comprised the partners Dr. Volker Glas and Dr. Thomas Zivny, senior counsel MMag. Christian Aichinger and associate Mag. Mathias Drescher.