Carmila Successfully Issues Inaugural €300M 7-Year Green Bond, Paying a Fixed Annual Coupon of 3.875%

Carmila Successfully Issues Inaugural €300M 7-Year Green Bond, Paying a Fixed Annual Coupon of 3.875%

Regulatory News:

Carmila (Paris:CARM) today issued its first green bond for a total amount of €300 million. With a maturity of just over seven years, the bonds fall due on 25 January 2032 and pay an annual coupon of 3.875%. The financing was raised at a spread of 160 basis points above the benchmark rate with no issue premium.

Almost seven times oversubscribed, the issue met with great success among French and international ESG investors. With this inaugural green bond, Carmila is expanding its bond investor base and is continuing to optimise its balance sheet, by extending the maturity of its borrowings as well as improving its debt profile and average cost of debt.

The transaction was carried out under Carmila's "Green Bond Framework" published in October 2022. The funds raised from the issue will be used to finance assets that meet stringent, transparent eligibility criteria and have obtained BREEAM "Very Good" or "Excellent" certification.

In parallel, Carmila has launched a partial buyback of existing bonds, for which the tender period will run until 23 September 2024. The buyback relates to bonds maturing in May 2027, March 2028, October 2028 and April 2029.

INVESTOR AGENDA

17 October 2024 (after market close): Third-quarter 2024 financial information

IMPORTANT NOTICE

Some of the statements contained in this document are not historical facts but rather statements of future expectations, estimates and other forward-looking statements based on management’s beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or events to differ materially from those expressed or implied in such statements. Please refer to the most recent Universal Registration Document filed in French by Carmila with the Autorité des marchés financiers for additional information in relation to such factors, risks and uncertainties. Carmila has no intention and is under no obligation to update or review the forward-looking statements referred to above. Consequently, Carmila accepts no liability for any consequences arising from the use of any of the above statements.

ABOUT CARMILA

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to transform and enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy. At 31 December 2023, its portfolio was valued at €5.9 billion, comprising 201 shopping centres, all leaders in their catchment areas.

Carmila is listed on Euronext-Paris Compartment A under the symbol CARM. It benefits from the tax regime for French real estate investment trusts (“SIIC”).

Carmila has been a member of the SBF 120 since 20 June 2022.

This press release is available in the “Funding” section of Carmila’s Finance webpage: https://www.carmila.com/en/finance/funding/

INVESTOR AND ANALYST CONTACT
Pierre-Yves Thirion – CFO
pierre_yves_thirion@carmila.com
+33 6 47 21 60 49

PRESS CONTACT
Elodie Arcayna – Corporate Communications and CSR Director
elodie_arcayna@carmila.com
+33 7 86 54 40 10

View source version on businesswire.com: https://www.businesswire.com/news/home/20240917298781/en/