{"id":66764,"date":"2025-10-28T17:01:34","date_gmt":"2025-10-28T16:01:34","guid":{"rendered":"https:\/\/www.gruppoigd.it\/?p=66764"},"modified":"2025-10-28T17:09:56","modified_gmt":"2025-10-28T16:09:56","slug":"new-e300-million-bond-issue-with-a-five-year-tenor","status":"publish","type":"post","link":"https:\/\/www.gruppoigd.it\/en\/new-e300-million-bond-issue-with-a-five-year-tenor\/","title":{"rendered":"New \u20ac300 million bond issue with a five-year tenor"},"content":{"rendered":"

Further to the release on 27 October, Immobiliare Grande Distribuzione SIIQ S.p.A. (\u201cIGD<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) announces that it successfully completed earlier today the placement of a non-convertible, senior unsecured green bond with a total nominal amount of 300,000,000.00 euros and 5-year tenor.<\/p>\n

The bond, intended for qualified investors, will have an annual coupon of 4.45% with bullet redemption at maturity in November 2030 (subject to early redemption in line with market practice) and will be governed by English law.<\/p>\n

The bond (issued at par) will settle on 4 November 2025 and will be listed on the Luxembourg Stock Exchange\u2019s Euro MTF market<\/p>\n

It is expected to be rated \u201cBBB-\u201d by Fitch Ratings Ltd. In the event of a downgrade to sub-investment grade or revocation of the rating, a coupon step-up of 1.25% will apply.<\/p>\n

An amount equal to the net proceeds from this issuance will be used to refinance green projects in the \u201cGreen Buildings\u201d category under the Company\u2019s Green Financing Framework, currently financed through bank mortgage borrowings.<\/p>\n

The new green bond allows IGD to diversify its funding sources, rebalance its Net Financial Position mix between bank debt and capital markets, further extend its maturity profile, and reduce the average cost of debt, in line with the 2025-2027 Business Plan objectives,<\/p>\n

 <\/p>\n

Roberto Zoia, CEO and Managing Director of IGD<\/strong>, declared \u201cI am extremely satisfied with this green bond issue, which reestablishes our presence in the capital markets, with a demand level exceeding 1.35 billion euros at peak, well in excess of the initial size.\u00a0 The success of this transaction confirms IGD’s ability to raise financial resources at competitive costs and diversify its funding sources. We are, therefore, continuing along the path outlined in the 2025-2027 Industrial Plan of extending maturities and reducing the cost of debt. This issuance represents a further step in this direction.<\/em>\u201d<\/p>\n

 <\/p>\n

The terms and conditions of the bonds are contained in the Terms&Conditions section of the prospectus, which will be made available on the Luxembourg Stock Exchange\u2019s website.<\/p>\n

BNP PARIBAS, Goldman Sachs International and Intesa Sanpaolo (IMI CIB Division) acted as Global Coordinators and Joint Lead Managers, while Banca Akros acted as Co-Manager.<\/p>\n

 <\/p>\n

This press release (including the information contained herein) does not represent or form part of an offer to sell or a solicitation to buy the Company\u2019s securities. This press release is not recommendation by the Company or any other party to sell or purchase any of the Company’s securities, nor a prospectus or other offering document. No action has been taken or will be taken by the Company to authorise an offer to sell or a solicitation to buy securities in any jurisdiction where the completion of any such requirements is demanded. This press release may not be distributed in any jurisdiction demanding any such requirements to be met. Anyone having access to this press release are required to become acquainted and comply with such prohibitions. In particular, this press release does not represent or form part of an offer for the sale of financial instruments in the United States of America or in any other jurisdiction where its dissemination and\/or any transaction contemplated therein would be in violation of applicable laws or regulations or require the registration of such financial instruments in the relevant jurisdiction (the \u201cRestricted Jurisdictions\u201d). This Release may not be distributed, directly or indirectly, into any Restricted Jurisdictions.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Further to the release on 27 October, Immobiliare Grande Distribuzione SIIQ S.p.A. (\u201cIGD\u201d or the \u201cCompany\u201d) announces that it successfully completed earlier today the placement of a non-convertible, senior unsecured green bond with a total nominal amount of 300,000,000.00 euros and 5-year tenor. The bond, intended for qualified investors, will have an annual coupon of […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-66764","post","type-post","status-publish","format-standard","hentry","category-price-sensitive-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/66764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/comments?post=66764"}],"version-history":[{"count":1,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/66764\/revisions"}],"predecessor-version":[{"id":66767,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/posts\/66764\/revisions\/66767"}],"wp:attachment":[{"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/media?parent=66764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/categories?post=66764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gruppoigd.it\/en\/wp-json\/wp\/v2\/tags?post=66764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}