Pareto advises White Peak Real Estate IV L.P. on their successful placement of a SEK 600 million three-year senior secured green bond
Pareto Securities has advised RE IV Limited (“White Peak IV” or the “Company”), a wholly-owned subsidiary of White Peak Real Estate IV L.P., on their successful placement of the Company’s inaugural three-year SEK 600 million senior secured green bond. The proceeds from the transaction are to be used for sustainable investments in accordance with White Peak IV’s established green bond framework.
The bonds, maturing in July 2022, will bear a fixed coupon of 9.00%. The bonds are intended to be listed on Frankfurt Open Market within 30 days of settlement with a subsequent transfer of listing to Nasdaq Stockholm no later than 1 year after settlement.
”We are highly delighted about the warm reception from the capital markets for White Peak’s inaugural green bond issue. White Peak is playing a significant role in meeting China's aspirations for future urban development by introducing Swedish technology, processes and approaches towards sustainability and community integration. This green bond represents a unique opportunity for European institutions to invest in sustainable real estate development in some of the most dynamic urban regions in the world.” says Jesper Jos Olsson, CEO and co-founder of White Peak.
White Peak is a residential developer benefiting from the continuous and rapid urbanisation in China, targeting the growing middle-income class in underserved large cities (5-10 million population). Limited partners of White Peak IV L.P. are the largest Swedish national pension funds. White Peak has a full in-house development platform with 360 employees and is headquartered in Beijing. White Peak has a main focus on residential development in the Shandong, Hebei and Liaoning Provinces (with a total population of c. 250m).
The oversubscribed issue was successfully placed among investors throughout Sweden and other Nordic countries as well as Continental Europe.
Pareto Securities acted as Joint Bookrunner in the transaction.
For more information please contact Mats Carlsson, CEO, Pareto Securities AB, at +46 8 402 52 86
Pareto Securities is an independent full service investment bank with a leading position in the Nordic capital markets and a strong international presence within the energy sector. Pareto Securities AB offers Swedish and foreign institutions, companies and private individuals investment services related to trading in stocks, shares in SPV’s and fixed income instruments, wide coverage both within equity- and credit research. Furthermore, Pareto Securities corporate finance offers ECM, M&A and DCM services as well as arrangement and syndication of new investment projects, arrangement and syndication of sale and leaseback structures within real estate, infrastructure and shipping/offshore. Pareto Securities AB is part of the Pareto Securities group and is headquartered in Oslo, Norway, with more than 500 employees located in offices in Norway, Sweden, Denmark, Finland, United Kingdom, France, Germany, Switzerland, USA, Singapore and Australia.