On 24 July 2019, Triple Living Holding placed its first private bond issue with institutional and professional investors. This placement will allow the company to further develop its growth strategy, to invest in new projects and to diversify its financing.
Triple Living Holding is the umbrella entity of the Triple Living group, a real estate developer that mainly specialises in residential real estate in and around cities.
This bond issue consists, on the one hand, of bonds with a maturity of four years and a fixed interest rate of 4 per cent, and on the other of bonds with a term of six years and a fixed interest rate of 4.5 per cent. ING Bank and BNP Paribas Fortis acted as joint lead managers. EUR 30 million was subscribed for the four-year bonds and EUR 17 million was subscribed for the six-year bonds. In this way, Triple Living Holding raised a total of EUR 47 million, which falls within the intended amount of the transaction.
Eubelius advised Triple Living for this successful placement. The team members involved were Marieke Wyckaert, Thomas Donnez, Anthony Van Besien and Julie Marescau.