July 29, 2020

Milbank Advises Globalworth on Its Inaugural Green Bond Offering and Cash Tender Offer


Milbank LLP has advised Globalworth Real Estate Investments Limited (“Globalworth”) on its green bond offering of €400 million 2.950% notes due 2026 as well as its cash tender offer for the company's outstanding €550 million 2.875% notes due 2022. The offering constitutes the inaugural green bond offering of Globalworth under its €1.5 billion Euro Medium Term Notes Programme pursuant to Globalworth’s green bond framework established in 2020.

Globalworth is an AIM-listed company active in Central and Eastern Europe (“CEE”). It has become the preeminent office investor in the CEE real estate market through its market-leading positions both in Romania and in Poland. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, generating rental income from tenants.

The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis and special counsel Ana Grbec, with associates Iakovos Anagnostopoulos and Anastasia Kontaxi.