P3 Group S.àr.l., a leading pan-European investor, developer and manager of logistics real estate, announces the successful placement of a €350 million senior unsecured green bond.
As a result of strong investor demand, the 5.2- year notes were priced at a 97 bp credit spread, offering a fixed yield of 3.502% p.a. and a coupon of 3.375%. The bond will carry a credit rating of BBB by S&P, in line with P3's corporate rating.
Proceeds from the issuance will be used in line with the P3 Green Financing Framework, including the refinancing of existing debt, thereby extending the debt maturity profile at competitive pricing. The Green Financing Framework was updated in January 2026, which you can view here.
Thilo Kusch, P3 CFO, added: “We are very pleased with the outcome of this transaction, which attracted a peak order book of >€ 2.5 billion, over 7- times oversubscribed. The strong investor demand reinforces P3’s position as a repeat issuer in the European debt capital markets, and the attractive pricing achieved reflects the credit investor’s confidence in P3’s credit profile. This bond further strengthens the credit profile of the company, as we continue driving sustainable growth and disciplined capital deployment across our European portfolio.”
The bond, issued under P3 Group S.àr.l.'s Euro Medium Term Note ("EMTN") Programme, is expected to be listed on the official list of the Luxembourg Stock Exchange and traded on the Euro MTF Market. The bond issuance is expected to be settled on 22 January 2026 and matures 22 March 2031.