CTP successfully places €1 billion in green bonds

Netherlands-based CTP has successfully placed a dual tranche of green bonds totaling €1 billion, with two €500 million benchmark bonds maturing in 6 and 10 years. The 6-year bond has a 3.625% fixed coupon, while the 10-year bond has a 4.25% fixed coupon. The proceeds will be used to finance or refinance eligible assets under CTP’s Green Bond Framework, including repaying higher interest debt from 2022 and 2023. This move is expected to improve CTP’s average cost of debt and interest cover ratio.