Tritax launches first sterling green bond from a UK REIT

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Tritax Big Box REIT has priced £250m of unsecured green bonds under the company’s £1.5bn euro medium term note programme.

The 2033 notes, which mature on 27 November 2033, will have an interest rate of 1.5%. The issue will reduce the company’s consolidated pro-forma capped cost of debt to 2.5% and the pro-forma average duration of debt will increase from 6.7 years to 7.5 years.

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