This note gathers feedback from the group meetings and the panels. In total 21 companies were presented in group meetings and/or panels. More than 100 guests found their way to the venue either physical or virtual (only panels). The 2 panels made for informative additions to the C-level meetings and a nice platform for discussion. Wednesday afternoon concentrated 4 experts from Logistic companies (CTP, Montea, VGP, WDP) for an interesting discussion on brownfields: " an answer to the scarcity of...
VGP successfully issues € 500 million senior unsecured long 5-year green bonds Press ReleaseRegulated Information NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “S...
VGP plaatst met succes € 500 miljoen senior unsecured groene obligaties met een looptijd van 5 jaar PersberichtGereguleerde informatie NIET VOOR VRIJGAVE, PUBLICATIE OF VERSPREIDING IN OF NAAR OF AAN ENIGE PERSOON GEVESTIGD OF WOONACHTIG IN DE VERENIGDE STATEN VAN AMERIKA, DIENS TERRITORIA EN BEZITTINGEN (INCLUSIEF PUERTO RICO, DE AMERIKAANSE MAAGDENEILANDEN, GUAM, AMERIKAANS SAMOA, HET EILAND WAKE EN DE NOORDELIJKE MARIANA EILANDEN), ENIGE STAAT VAN DE VERENIGDE STATEN VAN AMERIKA OF HET DISTRICT VAN COLUMBIA (DE “VERENIGDE STATEN”) OF AAN ENIGE AMERIKAANSE PERSOON (U.S. PERSON, ZOALS G...
This afternoon, VGP issued € 500m of new green bonds due January-2031 (NC) at MS+205 (vs IPT MS+235 and Guidance MS+210), broadly in line with our fair price of MS+200. As a result, we initiate a Buy recommendation on the bonds and we reaffirm our Buy recommendation on the existing curve, including the 2029s and 2030s.
This afternoon, VGP issued € 500m of new green bonds due January-2031 (NC) at MS+205 (vs IPT MS+235 and Guidance MS+210), broadly in line with our fair price of MS+200. As a result, we initiate a Buy recommendation on the bonds and we reaffirm our Buy recommendation on the existing curve, including the 2029s and 2030s.
After an absence of almost 3 years, VGP is returning to the bond market to issue a minimum of € 500m of new green bonds maturing in January-2031 (NC). Net proceeds are earmarked to refinance up to € 250m of existing green bonds, via a tender offer launched in parallel, as well as place € 250m in cash on balance sheet to finance ‘green’ projects. The transaction will be LTV neutral (48.3% reported by VGP, 59.7% calculated by Oddo BHF) in the immediate future, while annual interest charges could i...
After an absence of almost 3 years, VGP is returning to the bond market to issue a minimum of € 500m of new green bonds maturing in January-2031 (NC). Net proceeds are earmarked to refinance up to € 250m of existing green bonds, via a tender offer launched in parallel, as well as place € 250m in cash on balance sheet to finance ‘green’ projects. The transaction will be LTV neutral (48.3% reported by VGP, 59.7% calculated by Oddo BHF) in the immediate future, while annual interest charges could i...
VGP NV announces the launch of a capped cash tender offer for its outstanding green bonds due 17 January 2027 and green bonds due 8 April 2029, and the intention to concurrently issue new green bonds PRESS RELEASE Regulated Information*Public disclosure of inside information VGP NV announces the launch of a capped cash tender offer for its outstanding EUR 500,000,000 1.625 per cent. fixed rate green bonds due 17 January 2027 (ISIN: BE6332786449) and EUR 600,000,000 1.50 per cent. fixed rate green bonds due 8 April 2029 (ISIN: BE6327721237) and the intention to concurrently issue new gre...
VGP NV kondigt de lancering aan van een geplafonneerd overnamebod in cash op haar uitstaande groene obligaties met vervaldatum 17 januari 2027 en 8 april 2029, en de intentie om tegelijkertijd nieuwe groene obligaties uit te geven PERSBERICHT Gereguleerde Informatie*Bekendmaking van voorwetenschap VGP NV kondigt de lancering aan van een geplafonneerd aanbod tot aankoop in cash inzake diens uitstaande 500.000.000 EUR 1,625 % vaste rente groene obligaties met 17 januari 2027 als vervaldatum (ISIN: BE6332786449) en 600.000.000 EUR 1,50 % vaste rente groene obligaties met 8 april 2029 als v...
We publish our conference book with info on the panels, the graphs on the market and company profiles. European REITS suffered from macro and geo-political worries (logistics) Also, the European knee-jerk reaction on the bund (+60 bps) had a negative effect. We believe that despite these worries, REITS are a good place to hide, given their high visibility and proven growth potential in a tough environment. Our top-picks are Shurgard, WDP and Xior. SHUR and WDP have ample headroom on their balanc...
In this segment note, we want to look beyond the current noise of tariff plans and European deficit spending that has been rocking the logistic segment. The “old-continent” has experience a demise of a lot of its large industrial complexes due to high labour and energy costs. Especially in Western-Europe, car manufacturers and heavy industries have downsized their vast historical industrial complexes which they often occupied for more than a century. These locations are close to scarce resources...
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