Aedifica's bond issue nearly 4 times oversubscribed

Belgian healthcare property REIT Aedifica raised €500 mln this week through the issue of its first benchmark sustainability bond. The 10-year notes will bear a fixed coupon of 0.75% per annum.

In a statement, Aedifica said that the orderbook reached €1.8 bn, more than 3.6 times covering the deal size.

The proceeds of the issuance will be used to (re)finance environmentally sustainable healthcare assets, the company added.

Stefaan Gielens, CEO of Aedifica, commented: 'The strong investor demand is a clear vote of confidence in Aedifica’s strategy. We wish to expressly thank everyone for their support. This sustainability bond is a further building block in our long-term sustainability strategy. It will allow us to accelerate our sustainability efforts and reduce the portfolio’s environmental footprint.'

ABN Amro and Morgan Stanley acted as global coordinators on this transaction. Belfius Bank, BNP Paribas and ING joined the global coordinators as active bookrunners.

Aedifica owns a portfolio consisting of over 540 sites in Belgium, Germany, the Netherlands, the United Kingdom, Finland, Sweden and Ireland, worth more than €4.4 bn.


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