VGP successfully issues € 600 million senior unsecured 6-year green bonds
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VGP successfully issues € 600 million senior unsecured 6-year green bonds
9 January 2026, 6 p.m. CET, Antwerp, Belgium: VGP NV (“VGP”), the pan-European owner, manager and developer of high quality logistics and semi-industrial properties as well as a provider of renewable energy solutions, today announces that it has successfully placed its fourth benchmark green bond for an aggregate nominal amount of € 600 million, paying a coupon of 4 per cent p.a. and maturing on 16 January 2032 (the “Bonds”).
The transaction attracted outstanding demand from the outset, with the order book anchored by granular, high-quality interest and exceeding €3.0 billion at the time of final terms. Despite a significant 35 basis point tightening and a €100 million upsizing, investor appetite remained robust, driving an additional €500 million in incremental orders. The final order book reached €3.5 billion, representing an impressive oversubscription of 7 times the initial target size of €500 million.
An amount equal to the net proceeds from the issuance of the Bonds will be used to finance and/or refinance a portfolio of eligible assets in accordance with the VGP Sustainable Finance Framework. In this respect, VGP announced yesterday the launch of a capped tender offer (the “Offer”) for its outstanding EUR 500,000,000 1.625 per cent. fixed rate green bonds due 17 January 2027 (ISIN: BE6332786449), which were issued under the VGP Sustainable Finance Framework and of which EUR 320,100,000 remained outstanding at the time of launch of the Offer, for cash. For more information on the Offer, including the offer and distribution restrictions in relation thereto, holders of the existing bonds should refer to the launch announcement which is available on this link: .
The Bonds will be listed and admitted to trading on the Luxembourg Stock Exchange (EuroMTF). The settlement and admission to trading of the Bonds are scheduled for 16 January 2026.
The banks acting on the transaction as joint global coordinators are Belfius Bank SA/NV, J.P. Morgan SE and KBC Bank NV. Together with the joint global coordinators, BNP PARIBAS and ING Bank N.V., Belgian Branch are acting as joint active bookrunners.
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ABOUT VGP
VGP is a pan-European owner, manager and developer of high-quality logistics and semi-industrial properties as well as a provider of renewable energy solutions. VGP has a fully integrated business model with extensive expertise and many years of experience along the entire value chain. VGP was founded in 1998 as a family-owned Belgian property developer in the Czech Republic and today operates with around 412 full-time employees in 18 European countries directly and through several 50:50 joint ventures. In June 2025, the Gross Asset Value of VGP, including the 100% joint ventures, amounted to € 8.3 billion and the company had a Net Asset Value (EPRA NTA) of € 2.6 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957).
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Forward-looking statements: 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.
Disclaimer: This press release does not constitute an invitation to participate in the Offer in or from any jurisdiction in or from which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this press release or any other materials relating to the Offer in certain jurisdictions may be restricted by law. Persons into whose possession this press release or any other materials relating to the Offer comes are required by each of VGP, the banks acting as dealer managers and the institution acting as tender agent to inform themselves about, and to observe, any such restrictions. If any recipient of this press release is in any doubt as to the contents hereof or the action it should take, it is recommended to seek its own financial and legal advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.
This press release does not constitute an offer to buy or a solicitation of an offer to sell bonds (and tenders of bonds in the Offer will not be accepted from bondholders) in any circumstances in which such offer or solicitation is unlawful. Bondholders should carefully consider the offer and distribution restrictions included in the tender offer memorandum relating to the Offer and inform themselves about, and observe, any applicable restrictions.
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