Vigeo Eiris, second party opinion for Cofinimmo’s first green and social bond
This private placement of 55 million euros put Cofinimmo as the first European real estate company to issue Green & Social bonds
This issuance reinforce the group’s commitment in sustainable development. With a maturity of 8 years and a fixed coupon of 2.00%, the green and social bonds issued have been placed with institutional investors in private placement.
They will be used to finance and refinance buildings which were recently delivered or renovated, or which are currently being redeveloped:
- projects with an environmental goal, i.e. office buildings with an environmental and sustainable BREEAM or BREEAM In-Use certification (Very Good at least)
- projects with social goals, i.e. healthcare assets used for the accommodation of vulnerable or dependent people in need of special care (geriatrics, psychiatry or care of disabled people)
Within this issuance, Vigeo Eiris evaluated and provided an opinion on the environmental and social purposes and the social management of this bond, aligned with the “Green Bonds Principles “ and ICMA’s guidance for Issuers of Social Bonds.
Keywords : Environment, ESG, Europe, Green bonds