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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kingspan Group Plc | LSE:KGP | London | Ordinary Share | IE0004927939 | ORD EUR0.13 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 72.80 | 72.50 | 73.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKGP
RNS Number : 9650Y
Kingspan Group PLC
15 September 2020
Kingspan Group plc
Green Private Placement
15 September 2020
Kingspan Group plc, the global leader in high performance insulation and building envelope solutions, is pleased to announce the agreement of terms on a EUR750m Green Private Placement, the largest corporate Green Private Placement globally to date.
The new loan notes were priced on 10 September and, subject to contract, will close on 25 September 2020. EUR580m of the notes are Euro denominated with a further EUR170m equivalent in USD. The weighted average fixed interest coupon is 1.78% per annum, with weighted average maturities of 9.7 years.
Geoff Doherty, Kingspan Group Chief Financial Officer, commented:
"We are delighted to have agreed terms on our first Green Private Placement at a compelling fixed interest rate. The pricing is a testament to Kingspan's planet passionate strategy and provides long term capital to further develop the Group in the years ahead. As well as extending our maturity profile this transaction will leave us with in excess of EUR2 billion of cash and committed undrawn facilities."
Lorcan Dowd
Group Company Secretary
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September 15, 2020 02:00 ET (06:00 GMT)
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