REG-Segro PLC SEGRO Prices €500 Million Inaugural Green Euro Bond

SEGROAnnouncement

16/09/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210916:nBw1Z0WzBa&default-theme=true


SEGRO Prices €500 Million Inaugural Green Euro Bond

 

SEGRO plc (‘SEGRO’) announces the launch and pricing of a ten year, €500
million senior unsecured Green bond issue. The bonds, which were eight times
oversubscribed, were priced at 55 basis points above euro mid-swaps and have
an annual coupon of 0.5 per cent.

This is SEGRO’s first bond in the euro market and its first Green bond,
following from the Green bond issued by SEGRO European Logistics Partnership
(‘SELP’) in May 2021.

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 are delighted with the support for SEGRO’s first Green and first
euro-denominated bond issue, achieving a 0.5% coupon and 10 year maturity. The
level of oversubscription we received for the issuance underlines investors’
recognition of the strength of our business and the importance they rightly
place on sustainable investment. The proceeds will be invested in line with
our Responsible SEGRO framework including the construction of new properties
with high sustainability credentials through our very active development
programme.”

ENDS

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

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 8.8 million
square metres of space (95 million square feet) valued at £17.1 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=52492498&newsitemid=20210915005935&lan=en-US&anchor=www.SEGRO.com&index=1&md5=5890a7f00005cf7b4a2f0075b74afae0)
for further information.



View source version on businesswire.com:
https://www.businesswire.com/news/home/20210915005935/en/
(https://www.businesswire.com/news/home/20210915005935/en/)

Segro PLC


Copyright Business Wire 2021