Tritax launches first sterling green bond from a UK REIT

Climate change

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue