Starwood Property Trust Announces Private Offering of Sustainability Bonds
Starwood Property Trust announced a private offering of $500 million in unsecured senior notes due 2029, designated as sustainability bonds. Proceeds will finance or refinance eligible green or social projects, with interim use potentially including the redemption of its existing $500 million in 4.375% senior notes due 2027. The notes are being offered privately to qualified institutional buyers under Rule 144A and non-U.S.
Key figures
- Deal Value Usd
- 500000000
- Old note coupon
- 4.375%
- New note maturity
- 2029
- Old note maturity
- 2027
- Redemption target
- $500 million
AI analysis
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