Globalworth, the largest owner of office buildings in Romania, wants to launch a EUR 1.5 billion issue under its Euro Medium Term Note (EMTN) Program.
The notes will be sold on the Dublin Stock Exchange.
At the same time, Globalworth offered to redeem in advance a EUR 550 million issue due in 2022. The new notes will be issued as green bonds. The group plans to use the net proceeds from the offer to finance or refinance eligible green projects.
Deutsche Bank and JP Morgan Securities act as dealers and global coordinators for the offer and, together with Banca IMI (to be merged into Intesa Sanpaolo), Société Générale and UniCredit, as joint Bookrunners for issuing the new notes. Deutsche Bank and Société Générale also act as joint environmental advisers for the new notes.
The company also made a buyback offer to the holders of its outstanding notes worth EUR 550 mln due 2022, which have a 2.875% interest rate attached.
(Photo courtesy of the company)
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