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IREIT Global launches $85m green bond offering

Proceeds will fund the Berlin Campus repositioning into Project RE:O.

IREIT Global has priced $85m in 6% green, senior, unsecured notes under its US$1b Multicurrency Debt Issuance Programme. DBS Trustee Limited launched the offering on 13 May 2025.

DBS Bank Ltd. is the sole global coordinator, with CIMB Bank Berhad as a joint bookrunner.

The Series 001 Notes will be issued on 22 May 2025, and mature on 22 May 2028, with a 6.00% annual interest rate, paid semi-annually.

Proceeds will fund the repositioning of the Berlin Campus into a multi-let, mixed-use property under "Project RE:O". This project aims for a minimum LEED Gold certification, meeting the criteria for an Eligible Green Project under IREIT's Green Financing Framework.

DBS Bank Ltd. is the sole green structuring advisor, and S&P Global Ratings has issued a second-party opinion.

The notes are expected to list on the SGX-ST on 23 May 2025. Tikehau Capital, a controlling unitholder, will subscribe for 13.8% of the offering.

The Series 001 Notes are being offered outside the U.S. under Regulation S and in Singapore to institutional and accredited investors.

 

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