Covivio Hotels’ Successful €500M Green Bond Issue

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

Covivio Hotels has successfully issued a €500 million Green Bond with a maturity date in May 2033, met with nearly 4 times oversubscription, indicating strong investor confidence. The proceeds will be used to finance or refinance their Green hotel portfolio, contributing to the company’s sustainability goals and strengthening their balance sheet. The bonds, rated BBB+ by Standard & Poor’s, will trade on Euronext Paris from May 23, 2024.

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