Neinor Homes increases Green Bond issuance to €325 million on strong demand

Neinor Homes has increased its Green Bond issuance to €325 million due to strong investor interest, with orders exceeding €1.3 billion, making it four times oversubscribed. The bond has a maturity of 5.25 years and a reduced interest rate of 5.875%. The funds will primarily refinance €175 million of existing corporate debt, while €150 million will support growth opportunities. The bond received a BB- rating from Fitch and Standard & Poor's, reflecting a positive outlook for the Spanish housing market. Neinor plans to invest all net proceeds in green projects, aligning with European sustainability criteria. The company aims to address the housing supply shortage in Spain, particularly in affordable and social housing sectors.