BPPEH Issues €2.5 Billion of Unsecured Notes
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) announces the successful issuance of €2.5 billion under its Euro Medium Term Note Programme, including inaugural Sterling and Green issuances. The notes were issued across five tranches, including €500 million 0.125% fixed rate notes due 2023, €600 million 1.000% fixed rate notes due 2026, €500 million 1.625% fixed rate Green notes due 2030, £350 million 2.000% fixed rate notes due 2025 and £450 million 2.625% fixed rate notes due 2028.
The notes are rated BBB by S&P.
The net proceeds of the issuance will be used for general corporate purposes, including the repayment of existing bank debt and financing of certain pending and future acquisitions. The net proceeds of the Green issuance will be allocated to Eligible Green Investments in accordance with BPPEH’s Green Financing Framework.
Nothing in this announcement shall be considered an offer to sell, or a solicitation of an offer to purchase, securities of BPPEH. Securities of BPPEH may not be offered to U.S. persons, or persons located in the U.S., absent an exemption.
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.