CPIPG auctions HUF 30bn of senior unsecured green bonds

14 August 2020

CPI Property Group (CPIPG) auctioned HUF 30bn worth of senior unsecured green bonds. The bonds, with a 2.02-percent yield, have a 10-year bullet maturity. The company said it received more than HUF 45bn in investor bids last week. The bonds were issued under the Hungarian central bank’s bond funding for growth scheme. CPIPG has now completed four green bond transactions in three currencies, an achievement matched by less than 10 other corporate issuers around the world, according to David Greenbaum, CFO of CPIPG. Proceeds from the bond issue will be used for general corporate purposes

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