NEPI Rockcastle issues €500m green bond with strong investor interest

NEPI Rockcastle's wholly owned subsidiary, NE Property B.V., has priced a €500 million unsecured 8-year Eurobond, maturing on September 30, 2033, with a 3.875% fixed coupon and an issue price of 99.353%. The transaction garnered exceptional demand, with an orderbook exceeding €4 billion from over 200 investors, reflecting strong confidence in the company’s credit profile.

The bond issue achieved broad institutional distribution, with 90% going to asset managers and 10% to other institutional investors and banks. Demand originated from diverse geographies, including the UK (48%), France (20%), Benelux (15%), and the DACH region (9%). Application has been made for listing the bond with Euronext Dublin.

Net proceeds from the green bond will fund the company’s concurrent tender offer of existing €500,000,000 1.875% notes due in October 2026 and €500,000,000 3.375% notes due in July 2027. Consistent with NEPI Rockcastle's Green Finance Framework, an equivalent amount will be allocated to finance or refinance eligible green projects aimed at enhancing environmental performance and advancing climate impact mitigation.