CTP B.V. announces its intention to launch an initial offering and to apply for admission to listing and trading of its shares on Euronext Amsterdam, a regulated market of Euronext Amsterdam N.V.
CTP is a top five European logistics property company and CEE’s largest logistics property owner-developer based on gross lettable area (GLA).
Following a strategic shift in the groups’ funding strategy, CTP entered the international bond markets in 2020.
The company successfully issued its debut green bond of € 650 million in October 2020, followed by two additional green bonds at attractive terms taking the total issuances to more than € 1.5 billion to date.
The reason for the contemplated offer is to enable CTP to accelerate its growth strategy by financing the group’s development projects and construction activities, selective property acquisitions and debt repayment.
The offer will be made to institutional investors and is expected to comprise a primary offering of newly issued shares raising approximately between € 800 million and € 1 billion of gross proceeds and an over-allotment option of secondary shares.
The offer is expected to take place in the coming weeks, subject to market conditions and other relevant considerations.