The bonds were placed through a private placement with institutional investors by the bank syndicate composed of Belfius, BNP Paribas (also Global Coordinator) and Degroof Petercam. The bonds are meant to (re)finance projects which positively contribute to sustainable development and meet the standards for green and social bonds issuances set by the International Capital Market Association (ICMA). Cofinimmo is the first European REIT to issue green and social bonds; this is also a premiere for a Belgian issuer. The team consisted of Nicolas de Crombrugghe, Lorraine Vercauteren and Silke Volckaert.

This transaction follows the refinancing by Cofinimmo in September 2016 of its EUR 190,840,869.56 convertible bonds due 20 June 2018, by way of a public buy-back offer following a reverse bookbuilding process. The buy-back was financed by the issuance of new convertible bonds for an amount EUR 219,320,616 by way of a public offer following a private placement. NautaDutilh assisted Cofinimmo on this transaction which was also the first public buy-back on convertible bonds in Belgium. The team consisted of Nicolas de Crombrugghe, Philippine de Wolf and Lorraine Vercauteren.