Deutsche EuroShop successfully issues its first green bond

Deutsche EuroShop successfully issues its first green bond

• Volume: €500 million
• Term: 5.3 years until October 2030
• Coupon: 4.50%
• Offering oversubscribed 7 times
• BBB- investment grade rating from S&P

Hamburg, 11 June 2025 – Shopping center investor Deutsche EuroShop (DES) has successfully placed its first green bond in an aggregate nominal amount of €500 million. The bond has a term of 5.3 years until October 2030 and an annual interest rate of 4.50%. The issue was met with strong investor interest and was oversubscribed 7 times, underscoring Deutsche EuroShop's attractiveness as a borrower. The bond will be issued on 18 June 2025 and be listed on the Euro MTF Market of the Luxembourg Stock Exchange.

Hans-Peter Kneip, Member of the Executive Board of Deutsche EuroShop, said: “The successful issue of our first green bond at attractive terms is an important step towards expanding and optimising our financing options. The issue underlines our commitment to sustainable growth and strengthens our financial stability. The strong demand for our bond confirms the high level of confidence investors have in our strategic direction.”

The net proceeds from the issue will be used for general corporate purposes, including the refinancing of secured liabilities, the payment of dividends and strategic investments. In addition, Deutsche EuroShop has committed to use an amount equal to the net proceeds to finance or refinance eligible green projects in accordance with its Green Finance Framework.

Prior to the bond issue, Deutsche EuroShop received a long-term issuer rating of BB+ (stable) from S&P Global Ratings. The new bond is rated BBB- by S&P, reflecting Deutsche EuroShop's strong investment grade credit profile.

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