BOARD DECISION OF THE COMPANY "PRODEA REAL ESTATE INVESTMENT COMPANY SOCIETE
ANONYME" REGARDING THE ISSUANCE OF A "GREEN" COMMON BOND LOAN
"PRODEA REAL ESTATE INVESTMENT COMPANY SOCIETE ANONYME" (the Company), pursuant to Law 3556/2007 and Regulation (EU) 596/2014, hereby announces that its Board of Directors in its meeting dated 2nd July, 2021, decided the issuance of a "green" common bond loan for a maximum amount EUR 300,000,000 and minimum amount EUR 250,000,000, with a duration of seven (7) years (the Bond Loan), pursuant to articles 59 - 74 of Law 4548/2018 and the applicable provisions of Law 3156/2003 that remain in force following the entry into force of Law 4548/2018, the placement of the bonds through a public offer in Greece and the listing to trading of the bonds in the Fixed Income Segment of the Regulated market of the Athens Exchange.
Funds raised from the issuance shall be mainly utilized for the financing of sustainable investments in real-estate as well as for the repayment of an existing lending facility in relation to a sustainable (green) real estate property, pursuant to the evaluation criteria of the Green Bond Framework adopted by the Company, based on the Green Bond Principles of the International Capital Market Association (ICMA) (as of June 2018) and within the context of article 22 of Law 2778/1999, as in force.
The terms of the Bond Loan and the public offer will be included in the Common Bond Loan Program and the Prospectus which will be approved by the Hellenic Capital Market Commission and will be made available to the investment public.
The timetable of the issuance of the Bond Loan and the public offer of the bonds to the investment public will be finalized in the following days, after the approval of the Prospectus by the Hellenic Capital Market Commission. The materialization of the transaction will depend on the market conditions.
The Company, pursuant to the applicable legislation, will provide update to the investment public regarding the issuance of the Bond Loan with subsequent announcements.
Athens, 2nd July 2021
The Board of Directors