Covivio Hotels Issues €500M Oversubscribed Green Bond

Covivio Hotels SCA (FR:COVH) has released an update.

Covivio Hotels has successfully issued a €500 million Green Bond, which was nearly four times oversubscribed, reflecting investor confidence in the company’s strategy and portfolio. The bond, with a 9-year maturity and a coupon of 4.125%, will finance the company’s eligible Green hotel portfolio. This issuance will serve to enhance the company’s balance sheet by extending debt maturity, aligning with its strong credit rating (BBB+ with a stable outlook) by Standard & Poor’s.

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