Successful private placement of €55m Green and Social Bonds by Cofinimmo

On 2 December, Cofinimmo successfully closed its first private placement of € 55 million of Green and Social Bonds. The tenor of the bonds is 8 years and the fixed annual coupon 2.0%. Cofinimmo is the first European REIT to issue Green and Social bonds, and this issue is also only the second green bond issue in Belgium.

The “green” label certifies that the funds raised are used to (re-)finance green projects, assets, or business activities, in line with the Green Bond Principles issued by the ICMA in 2015.

Cofinimmo will use the proceeds of the bond issue to (re)finance eligible “green and social” projects. Vigeo Eiris validated the “green and social” character of the selection criteria and the Group’s auditor will track the use of proceeds over the tenor of the bonds.

Degroof Petercam acted as Joint Bookrunner in a syndicate with two other banks.  

For more details on the Green Bond market, we refer to our blog post.

About Degroof Petercam Corporate Finance

Degroof Petercam Corporate Finance, 100% subsidiary of Bank Degroof Petercam, offers a full range of independent financial advisory services. Its team of 70 professionals based in Brussels, Paris and Lyon, occupies a leading position on the Belgian & French market.

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Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
Alexandra Niehe Head of corporate communications
Thomas Van Rompuy Senior Executive Advisor - media relations, economics, Bank Degroof Petercam
About Degroof Petercam

Degroof Petercam is a reference financial institution with a history dating back to 1871. As an independent group owned by family shareholders with a long term commitment, we serve private and institutional investors.

Our clients benefit from a unique combination of services in private banking, institutional asset management , investment banking (corporate finance and financial intermediation) and asset services. The total clients assets (under management, under administration and in custody), double counting excluded, amount to more than 63 billion euro.

Headquartered in Brussels, we employ more than  1 400 professionals through offices in Belgium, Luxembourg, France, Switzerland, Spain, The Netherlands, Germany and Italy.

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