Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. VGP NV
  6. News
  7. Summary
    VGP   BE0003878957

VGP NV

(VGP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

VGP : successfully issues its inaugural € 600 million 8-year Green bond

03/31/2021 | 01:41pm EST

Press Release

Regulated Information

VGP successfully issues its inaugural € 600 million 8-year Green bond

31 March 2021, 6:00 pm, Antwerp (Berchem), Belgium: VGP NV ('VGP' or 'the Group'), a European provider of high-qualitylogistics and semi-industrialreal estate, today announces that it has successfully issued its first public benchmark green bond for an aggregate nominal amount of € 600 million, paying a coupon of 1.50 per cent. p.a. and maturing on 8 April 2029.

The market has received VGP's issuance well as the demand exceeded 2.7 times the volume of the issue. The proceeds from this issuance will be used to finance and /or refinance a portfolio of eligible assets in accordance with the VGP Green Finance Framework of March 2021.

The bond will be listed on the Luxembourg Stock Exchange (EuroMTF).

"The launch of our inaugural green bond is a further building block in our long-term sustainability strategy," said Jan Van Geet, CEO of VGP. "We intend to use the proceeds to fund our majority pre-let development pipeline and to support the needs of our customers through the build out of renewable energy assets and the design and development of new green logistics and semi-industrial parks which deliver towards high standards of energy efficiency."

The settlement and admission to trading of the notes are scheduled for 8 April 2021.

The banks acting on the transaction are J.P. Morgan and KBC Bank NV, as Joint Global Coordinators and Joint Green Bond Structuring Agents, and together with Belfius Bank SA/NV and BNP Paribas, as Joint Bookrunners.

1/2

CONTACT DETAILS FOR INVESTORS AND MEDIA ENQUIRIES

Martijn Vlutters

Tel: +32

(0)3 289 1433

(VP - Business Development & Investor Relations)

Petra Vanclova

Tel: +42

0 602 262 107

(External Communications)

Anette Nachbar

Tel: +49

152 288 10363

Brunswick Group

ABOUT VGP

VGP is a pan-European developer, manager and owner of high-quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with capabilities and longstanding expertise across the value chain. The company has a development land bank (owned or committed) of 7.65 million m² and the strategic focus is on the development of business parks. Founded in 1998 as a family- owned real estate developer in the Czech Republic, VGP with a staff of over 260 employees today owns and operates assets in 12 European countries directly and through several 50:50 joint ventures. As of December 2020, the Gross Asset Value of VGP, including the joint ventures at 100%, amounted to €

3.84 billion and the company had a Net Asset Value (EPRA NAV) of € 1.35 billion. VGP is listed on Euronext Brussels and on the Prague Stock Exchange (ISIN: BE0003878957).

For more information, please visit: http://www.vgpparks.eu

Forward-lookingstatements: This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. VGP is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release considering new information, future events or otherwise. The information in this announcement does not constitute an offer to sell or an invitation to buy securities in VGP or an invitation or inducement to engage in any other investment activities. VGP disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by VGP.

2/2

Disclaimer

VGP NV published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 17:40:03 UTC.


© Publicnow 2021
All news about VGP NV
01/11VGP : Company Presentation Jan 2022
PU
01/10VGP Sells $1.1 Billion Green Bonds in Two-Tranche Deal
MT
01/10VGP NV : Successfully Issues € 1.0 Billion Senior Unsecured Green Bonds Across Two Tranche..
AQ
01/05Belgium's VGP Forecasts Higher Levels of Development in 2022
MT
01/05VGP NV : Pan European Expansion and Stronghold Germany Lead to an Absolute Record in Leasi..
AQ
01/04Allianz, VGP Take On European Logistics Sector With New Joint Venture
MT
01/04VGP, Allianz Real Estate Form $3.2 Billion Logistics Joint Venture
MT
01/04VGP NV : Allianz and VGP expand relationship with new European logistics joint venture
AQ
01/03VGP NV : Crossing thresholds
CO
2021VGP : welcomes Hörmann Logistic Solutions GmbH as new tenant at VGP Park Magdeburg-Sülzeta..
PU
More news
Financials
Sales 2021 41,0 M 46,5 M 46,5 M
Net income 2021 422 M 479 M 479 M
Net Debt 2021 1 139 M 1 293 M 1 293 M
P/E ratio 2021 12,0x
Yield 2021 1,61%
Capitalization 5 360 M 6 083 M 6 084 M
EV / Sales 2021 159x
EV / Sales 2022 74,9x
Nbr of Employees 300
Free-Float 34,9%
Chart VGP NV
Duration : Period :
VGP NV Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VGP NV
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 245,50 €
Average target price 245,00 €
Spread / Average Target -0,20%
EPS Revisions
Managers and Directors
Jan van Geet Chief Executive Officer & Executive Director
Dirk Stoop Chief Financial Officer
Bart van Malderen Chairman
Miquel-David Martinez Chief Technical Officer
Ann Gaeremynck Independent Director