Covivio Hotels Issues €500M Oversubscribed Green Bond

Covivio Hotels SCA (FR:COVH) has released an update.

Covivio Hotels has successfully issued a €500 million Green Bond with a 9-year maturity, aimed at financing environmentally friendly hotel projects. The offering, which was nearly four times oversubscribed, reinforces the company’s balance sheet and aligns with their strong hedging position. The notes, rated BBB+ with a stable outlook by Standard & Poor’s, will be traded on Euronext Paris.

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