Priced: Merlin Properties EUR550m 8y green MS+105

Priced: Merlin Properties EUR550m 8y green MS+105

Merlin Properties, a prominent real estate developer, has announced the issuance of a EUR550 million 8-year green bond. The bond, priced at a yield of 105 basis points over the mid-swap rate, is part of the company's ongoing sustainability initiatives. The bond is expected to be listed on the International Securities Market (ISM) of the London Stock Exchange (LSE).

The bond is rated Baa2/BB by Moody's and Fitch, respectively, reflecting the company's stable financial position. Merlin Properties has a history of issuing green bonds, with the proceeds of this offering earmarked for environmentally friendly projects, such as energy-efficient buildings and renewable energy infrastructure.

The bond's pricing reflects the current market conditions and the demand for green financing. The company's strong balance sheet and track record of successful green bond issuances have contributed to the bond's positive reception in the market.

The issuance of this green bond aligns with Merlin Properties' commitment to sustainable development and its strategy to attract environmentally conscious investors. The company aims to leverage the proceeds of the bond to fund projects that contribute to the reduction of carbon emissions and promote sustainable urban development.

The bond's pricing and rating reflect the market's assessment of the company's creditworthiness and the demand for green financing. The bond's yield of 105 basis points over the mid-swap rate indicates that investors are willing to accept a premium for the environmental benefits associated with the bond's use of proceeds.

The issuance of this green bond is part of a broader trend in the real estate industry, where companies are increasingly focusing on sustainability and environmental, social, and governance (ESG) factors. The bond's issuance is expected to attract investors who are seeking to align their investment portfolios with their environmental and social values.

In conclusion, Merlin Properties' issuance of a EUR550 million 8-year green bond is a significant milestone in the company's commitment to sustainability. The bond's pricing and rating reflect the market's assessment of the company's creditworthiness and the demand for green financing. The bond's issuance is expected to attract investors who are seeking to align their investment portfolios with their environmental and social values.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-28:newsml_Zaw7yZtlc:0-zawya-priced-saudi-awwal-bank-1-25bln-us-10-year-tier-2-green-bond/
[2] https://www.ainvest.com/news/transdigm-aggressive-debt-fueled-special-dividend-high-risk-high-reward-capital-return-strategy-2508/