Our firm acted as legal counsel to PRODEA Investments, the largest Greek REIC, in connection with the issuance and public offering of a €300 mln 7-year green bond which was offered to the public in Greece and listed on the Athens Exchange.

The offering was successfully covered with an oversubscription by 1.85 times and retail investors’ participation at 65.5%.

The proceeds from the offering are expected to be mainly utilized for the financing of sustainable investments in real estate, as permitted by Greek REIC Law and pursuant to Prodea’s Green Bond Framework which is based on the Green Bond Principles of the ICMA – International Capital Market Association.

For more information: https://lnkd.in/d3GAn9n