REG-SEGRO PLC SEGRO Prices €1.15 Billion of Green Bonds

SEGROAnnouncement

17/03/2022 07:00

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SEGRO Prices €1.15 Billion of Green Bonds

 

SEGRO plc (‘SEGRO’) announces the launch and pricing of its debut issuance
from its recently announced European Medium-Term Note (‘EMTN’) programme.
The €1.15 billion senior unsecured Green Bond issue is split into two
tranches:

- €650 million with a four-year term, priced at 70 basis points above euro
mid-swaps with an annual coupon of 1.250 per cent; and

- €500 million with an eight-year term priced at 110 basis points above euro
mid-swaps with an annual coupon of 1.875 per cent.

The bond issuance was six times oversubscribed.

The proceeds of the issue will principally be used to finance and/or refinance
Eligible Green Projects as outlined in the SEGRO Green Finance Framework,
including the continued development programme, as well as providing funding
for general corporate purposes.

Soumen Das, SEGRO Chief Financial Officer, commented:

“We appreciate the strong support that we have received for the first bond
under our new EMTN programme with the coupons in line with our low 1.5 per
cent average cost of debt. The fundamental trends underpinning the occupier
market remain strong, creating attractive and profitable investment
opportunities for our business. The proceeds of this issuance will enable us
to continue to respond to our customers’ increased requirements for modern
space built to the highest levels of sustainability standards.”

ENDS

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock
Exchange and Euronext Paris, and is a leading owner, manager and developer of
modern warehouses and industrial property. It owns or manages 9.6 million
square metres of space (103 million square feet) valued at £21.3 billion
serving customers from a wide range of industry sectors. Its properties are
located in and around major cities and at key transportation hubs in the UK
and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses, used primarily
for regional, national and international distribution hubs, to urban
warehousing located close to major population centres and business districts,
it provides high-quality assets that allow its customers to thrive.

A commitment to be a force for societal and environmental good is integral to
SEGRO’s purpose and strategy. Its Responsible SEGRO framework focuses on
three long-term priorities where the company believes it can make the greatest
impact: Championing Low-Carbon Growth, Investing in Local Communities and
Environments and Nurturing Talent.

See www.SEGRO.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.SEGRO.com&esheet=52601319&newsitemid=20220317005115&lan=en-US&anchor=www.SEGRO.com&index=1&md5=581646fe34dc87d6db3769708e6afba1)
for further information.

For further information, please contact:

Harry Stokes (Commercial Finance Director)

+44 (0) 20 7451 9124 / harry.stokes@segro.com (mailto:harry.stokes@segro.com)

Gary Gaskarth (External Communications Manager)

+44 (0) 20 7451 9069 / gary.gaskarth@segro.com
(mailto:gary.gaskarth@segro.com)

Richard Sunderland / Eve Kirmatzis (FTI Consulting)

Tel: +44 (0) 20 3727 1000



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