PPI Public Property Invest AB (publ) successfully prices tap issuance of existing 2031 notes
PPI Public Property Invest AB (publ) successfully prices tap issuance of existing 2031 notes
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL
PPI Public Property Invest AB (publ) ("PPI") has today successfully priced a EUR 200 million tap issuance (“New Notes”) under its existing Euro senior unsecured 3.875% notes due 2031 (the "Existing 2031 Notes").
The New Notes will be consolidated and form a single series with the Existing 2031 Notes. The total outstanding amount of the Existing 2031 Notes will be increased accordingly, in due course, to a total amount of EUR 500 million (commonly referred to as “benchmark size”).
The New Notes have been issued under PPI’s EUR 4 billion EMTN programme dated 9 January 2026, as supplemented on 8th June 2026. An application to list the New Notes on the Official List of Euronext Dublin will be made. The New Notes are expected to be rated BBB+ by Fitch.
The net proceeds from the tap issuance will be used for general corporate purposes.
Citigroup acted as Sole Bookrunner on the transaction.