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
Public Property Invest ASA ("PPI") has today successfully placed a EUR 300
million bond issue. The 6-year senior unsecured fixed rate bonds mature on 16
October 2031 and pay a fixed coupon of 3.875%, equivalent to an issue-spread
of 6Y Mid-Swap + 165 basis points.
The bonds have been issued under PPI's existing EUR 2 billion EMTN programme
dated 25 November 2024 and supplemented on 18 June 2025 and 8 October 2025. An
application to list the bonds on the Official List of Euronext Dublin will be
made. The bonds are expected to be rated BBB by Fitch.
The net proceeds from the bond issue are intended to be used for general
corporate purposes.
"The issue marks our third transaction in the public EUR bond market and
affirms our strong standing in the international capital markets as an
attractive investment. This is also additional support for our ambition to
become the leading consolidator of social infrastructure properties in the
Nordics", says André Gaden, CEO.
DNB Carnegie, J.P. Morgan and Nordea acted as joint bookrunners in connection
with the transaction.
For further queries, please contact:
André Gaden, CEO, andre@publicproperty.no,
Ilija Batljan, CIO, ilija@publicproperty.no or
Marianne Aalby, EVP Finance, maa@publicproperty.no.
The securities referenced in this announcement are being offered and sold
pursuant to an exemption from the registration requirements of the U.S.
Securities Act of 1933, as amended, (the "Securities Act") outside the United
States in offshore transactions, in reliance on, and in compliance with
Regulation S under the U.S. Securities Act. This announcement does not
constitute an offer to any person in the United States. Distribution of this
announcement to any person within the United States is unauthorised