COVIVIO (EPA:COV) - Covivio : €500m Green Bond issuance

Transparency directive : regulatory news

10/09/2019 19:00

PRESS RELEASE

Paris, 10 September, 2019

Covivio successfully issues its second Green Bond of EUR500 million at 12 years
with a 1.125% coupon

Covivio successfully issues its second Green Bond of EUR500 million at 12 years
with a 1.125% coupon

Covivio has successfully issued today its second Green Bond of EUR500 million,
maturing in 2031 and offering a 1.125% coupon.

This issue rewards the ambitious ESG strategy of Covivio across all its
activities in Europe. The Group recently obtained the best extra-financial
rating A1+ from Vigeo-Eiris and is positioned as the leader in its sector (link
to the dedicated press release).
This issue will be used to finance or refinance more than 190,000 m² of
offices under development in Paris, Lyon and Milan through four projects,
including two redevelopments: Jean Goujon in Paris 8th (8,460 m²), IRO in
Chatillon (25,600 m²), Silex² in Lyon (30,900 m²) and The Sign in Milan
(26,200 m²). These projects are already pre-let at 64% on average and benefit
from high-level certifications: HQE (minimum "Very Good"), BREEAM (minimum
"Very Good") or LEED (minimum "Gold").

Covivio had already successfully issued a first Green Bond of EUR500 million in
2016, used to fund the development of 185,000 m² of green offices in France.
These assets are today entirely let.

Covivio pursues at the same time its strategy of funding diversification,
reduction of the cost of its debt and extension of its maturity.

Application will be made to Euronext Paris for the Notes to be admitted to
trading on Euronext Paris with prior approval of the prospectus by the
Autorité des Marchés Financiers. Settlement and admission to trading on
Euronext Paris of the Notes should occur on 17 September 2019.

This press release and the information contained herein do not constitute an
offer to sell or subscribe, nor a solicitation of an order to purchase or
subscribe the notes in any country, in particular in the United States. This
press release and the information contained herein also do not constitute an
offer to purchase nor a solicitation to sell the notes, nor an invitation to
participate to the offer to purchase. The distribution of this press release
may be restricted in some countries and be subject to specific regulations and
persons in possession of this press release should inform themselves about and
comply with any applicable restrictions.

CONTACTS

Press Relations
Géraldine Lemoine
Tél : + 33 (0)1 58 97 51 00
geraldine.lemoine@covivio.fr

Laetitia Baudon
Tél : + 33 (0)1 44 50 58 79
laetitia.baudon@shan.fr

Investor Relations
Paul Arkwright
Tél : + 33 (0)1 58 97 51 85
paul.arkwright@covivio.fr

ABOUT COVIVIO

Thanks to its partnering history, its real estate expertise and its European
culture, Covivio is inventing today's user experience and designing tomorrow's
city.
A preferred real estate player at the European level, Covivio is close to its
end users, capturing their aspirations, combining work, travel, living, and
co-inventing vibrant spaces.

A benchmark in the European real estate market with EUR23 Bn in assets, Covivio
offers support to companies, hotel brands and territories in their pursuit for
attractiveness, transformation and responsible performance.
Its living, dynamic approach opens up exciting project and career prospects for
its teams.

Covivio's shares are listed in the Euronext Paris A compartment (FR0000064578 -
COV) and on the MTA market (Mercato Telematico Azionario) of the Milan stock
exchange, are admitted to trading on the SRD, and are included in the
composition of the MSCI, SBF 120, Euronext IEIF "SIIC France" and CAC Mid100
indices, in the "EPRA" and "GPR 250" benchmark European real estate indices,
EPRA BPRs Gold Awards (financial + Sustainability), CDP (A), Green Star GRESB
and in the ESG FTSE4 Good, DJSI World & Europe, Euronext Vigeo (World 120,
Eurozone 120, Europe 120 and France 20), Euronext(r) CDP Environment France EW,
Oekom, Ethibel, Sustainalytics and Gaïa ethical indices.

Notations solicited:
Financial part:

BBB+ / Stable outlook by Standard and Poor's Extra-financial part:
A1+ by Vigeo-Eiris

covivio.eu

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