4th Aug 2021 19:31
Berkeley Group Holdings PLC - Cobham, England-based housebuilder - Issues GBP400 million in unsecured green bonds maturing in 10 years in August 2031 at a coupon of 2.5% per annum.
The green bonds are expected to be issued in August 11, and the proceeds will go towards financing or refinancing a portfolio of eligible assets, as well as its ongoing development activities, particularly the development of green buildings.
Barclays Bank PLC and HSBC Bank PLC are acting as global coordinators and active lead managers, while Lloyds Bank Corporate Markets PLC and NatWest Markets PLC are just acting as active lead managers.
"We have been delighted by the strength of institutional demand for our debut issue of green bonds. This demonstrates that investors recognise the resilience of Berkeley's unique long-term operating model and, through our new Green Bond Framework, the value to the wider environment of our regeneration activities," says Chief Financial Officer Richard Stearn.
Current stock price: 4,879.00 pence
Year-to-date change: up 2.9%
By Dayo Laniyan; [email protected]
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