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19 May 2025, 6:00 pm, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’) today announces a tap issuance of €76 million in additional senior unsecured Green Bonds subscribed by the European Bank for Reconstruction and Development (EBRD). This issuance forms part of the Group’s existing Green Bond program and follows the execution of a framework agreement with the EBRD.
The additional green bonds are assimilated and form a single series with the existing € 500 million 4.250 per cent. green bonds due 29 January 2031 as described in the information memorandum issued by VGP NV on 31 March 2025, bringing the total outstanding amount to €576 million. The bonds are listed on the Euro MTF Market operated by the Luxembourg Stock Exchange under the same ISIN code (i.e. BE6362152199). The settlement of the tap issuance took place today.
The net proceeds of the issuance will be used exclusively to finance or refinance eligible Green Projects as defined in VGP’s Sustainable Finance Framework (March 2025), aligned with the ICMA Green Bond Principles. These projects include sustainable industrial park developments across Serbia, Hungary, Slovakia, Romania, Croatia, and Czechia, all meeting EU Taxonomy criteria for substantial contribution to climate change mitigation.
This collaboration with EBRD strengthens our long-term commitment to sustainable development and green financing. The tap issuance supports the Group’s pipeline of energy-efficient semi-industrial and logistics facilities, enabling us to continue delivering low-carbon solutions for our customers across Europe.
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ABOUT EBRD
The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank that promotes private sector development and sustainable growth through investment and policy reform.