Argo advises VGP on its €500 million green bond issuance and concurrent €200 million tender offer

Argo assisted VGP NV, a leading pan-European owner and developer of logistics and semi-industrial real estate, with its latest capital markets transaction. The transaction combined the successful issuance of €500 million in senior unsecured green bonds with a concurrent €200 million tender offer for part of its outstanding 2027 and 2029 green bonds.

Argo acted as issuer’s counsel for VGP. The bonds are listed on the EuroMTF market of the Luxembourg Stock Exchange.

The new bonds were issued under VGP’s Sustainable Finance Framework. The proceeds will be used to finance and/or refinance a portfolio of eligible assets, and to repurchase part of the company’s existing green bonds.

The Argo team included Nico Goossens (Partner), Henri Nelen (Partner), Wouter Verhoeye (Partner), Christophe Verhelst (Counsel), Arnout Coppieters (Managing Associate), Kato Van Meel (Junior Associate) and Emiel Schepkens (Junior Associate).