Tritax Big Box Real Estate Investment Trust (REIT) is set to issue the first sterling green bond by a UK REIT on 27 November.
The company has priced £250m of unsecured green bonds, which will mature on 27 November 2033, under its £1.5bn Euro Medium Term Note Programme, following a series of fixed income investor meetings which "generated substantial institutional demand". Rishi Sunak: UK to issue first green bond and require firms to disclose climate risk With an interest rate of 1.5%, the green bond has been rated Baa1 by Moody's and will be listed on the Global Exchange Market of the Irish Stock Exchange. Proceeds from these 2033 Notes are intended to be used to finance or refinance new and existing gre...
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