CPI PROPERTY GROUP S.A.

(O5G)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

#bneGREEN: Czech real estate group CPI issues first sustainability-linked bonds in real estate

01/20/2022 | 02:26am EDT

The Czech real estate group CPI Property Group (CPIPG), owned by billionaire Radovan Vitek, issued sustainability-linked bonds worth €700mn with an annual coupon of 1.75%, the first real estate company in the CEE region to do so, the company announced in its press release. 

“The group was the first borrower from our region to issue benchmark green bonds in 2019 and has further strengthened our ESG agenda and capital structure through this innovative transaction,” said David Greenbaum, CFO of CPIPG. 

The sustainability-linked bonds – covering wider environmental, social and governance (ESG) issues than green bonds – are tied to the company's goal to reduce greenhouse gas emissions by 30% by 2030 compared to the 2019 baseline. The bonds are subject to a step-up margin of 0.25% in the final two years if the greenhouse gas emissions intensity is not reduced by about 22% by year-end 2027. The maturity date is January 14, 2030.

According to Sustainalytics, independent second party opinion provider, CPIPG`s targets are assessed as “ambitious” with “very strong” key performance indicators, aligned with the Paris Agreement. 

Proceeds from the bonds will be used primarily to fund the full repayment of two bonds, the company stated, CPIPG’s 4.75% notes due March 8, 2023 with about $377mn outstanding, and 2.125% notes due October 4, 2024. with about €239m outstanding. 

In February 2021, Czech-based logistics property developer CTP issued its third green bond with a nominal value of €500mn, a coupon of 0.75% and a six-year maturity, following its debut issuance (€650mn) in September 2020. Its second, €400mn, green bond issue was carried out in November 2020. CTP’s inaugural  green bonds became the largest debut issuance by a CEE real estate company.  

©2022 bne IntelliNews , source Magazine

All news about CPI PROPERTY GROUP S.A.
05/09Notice of adjustment of sustainability performance target
AQ
05/03CPI Property Group to Sweeten Takeover Bid for S Immo
MT
05/02CPI PROPERTY GROUP ('CPIPG') and S IMMO AG ('S IMMO') reached an agreement concerning S..
EQ
04/29CPI PROPERTY GROUP : Convening notice of the company's annual general meeting to be held ..
EQ
04/20S&P Places CPI Property's Rating On CreditWatch Negative On S Immo Takeover
MT
04/14CPI PROPERTY S A : Press release - Strategic Next Steps for S IMMO
PU
04/14CPI PROPERTY S A : Inside Information / Ad Hoc Information - CPI PROPERTY GROUP (“CP..
PU
04/14CPI PROPERTY GROUP - Strategic Next Steps for S IMMO
EQ
04/14CPI PROPERTY GROUP ('CPIPG') - request to call an extraordinary shareholders' meeting o..
EQ
04/14CPI Property Group S.A. made an offer to acquire additional 57.4% of S IMMO AG.
CI
More news
Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 7 378 M 7 771 M 7 771 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 3 485
Free-Float 11,1%
Chart CPI PROPERTY GROUP S.A.
Duration : Period :
CPI Property Group S.A. Technical Analysis Chart | O5G | LU0251710041 | MarketScreener
Technical analysis trends CPI PROPERTY GROUP S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Managers and Directors
Martin Nemecek Chief Executive Officer, Executive Director & MD
Pavel Mechura Group Finance Director
David Greenbaum Chief Financial Officer
Edward Moss-Hughes Non-Executive Chairman
Omar Sattar Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CPI PROPERTY GROUP S.A.15.97%7 771
EQUINIX, INC.-23.53%58 874
REALTY INCOME CORPORATION-4.16%41 276
DIGITAL REALTY TRUST, INC.-27.26%36 623
ALEXANDRIA REAL ESTATE EQUITIES, INC.-25.75%27 019
SEGRO PLC-22.52%16 685