Based on approval by the Management Board and subject to favorable market conditions, CTP B.V. plans to issue fixed rate senior unsecured notes (the “Notes”) and has mandated several banks to arrange a series of fixed income investor meetings across Europe.
CTP B.V. targets an issue amount in benchmark size. The Notes will likely be in the form of Green Bonds, highlighting CTP’s commitment to sustainability. The net proceeds of the issue of the Notes will be used for the refinancing of existing secured debt and to fund future developments according to CTP BV’s Green Bond Framework.
The management of CTP B.V. expects to receive an investment grade corporate ratings at the corporate level as well as the Notes to be similarly rated.