BDO acted as reporting accountant on Tritax Big Box REIT Plc's £250m debut green bond issuance, issued under its £1.5bn EMTN Programme.
Tritax Big Box REIT Plc announced its £1.5bn Euro Medium Term Note Programme in November 2020, and subsequently priced £250m of unsecured green bonds on 27 November 2020 (maturing 27 November 2033).
The notes were admitted to the Irish Stock Exchange's Official List and to trading on the Global Exchange Market of the Irish Stock Exchange
The proceeds from the issuance are intended to be used to finance or refinance new or existing green projects that satisfy the criteria set out in the company's newly established Green Finance Framework.
“We have worked with the BDO capital markets team since IPO and really value our relationship. The BDO corporate finance team have a track record within the listed real estate space, and their support and advice on the reporting accountant work stream for our debut green bond issue was what we have come to expect; professional, timely and of high quality.”
Frankie Whitehead - Tritax Management LLP
“We are pleased to have assisted Tritax Big Box on its debut green bond issuance, the first of its kind to be issued by a UK REIT. The deal marks yet another successful fundraise for the Company, with the added benefit of being used to fund sustainable investments and developments. Big Box continues to grow from strength to strength, and we are proud to have supported the business on its journey. Congratulations to everyone involved.”
Simon Hall, Corporate Finance Director