Green Bond Fact Sheet

This fact sheet details a EUR 500 million green bond issued by Vesteda Finance BV on May 24, 2019, certified under the Climate Bonds Standard Version 2.1 for low carbon residential buildings and upgrades.

• Vesteda Finance BV issued a senior unsecured green bond on May 24, 2019, for an amount of EUR 500 million (USD 558 million) with a maturity date of May 24, 2027, and a coupon of 1.5%.
• The bond is certified under the Climate Bonds Standard Version 2.1, specifically for Low Carbon Buildings (residential) and Low Carbon Buildings (upgrades). Vesteda is the first residential property fund globally and the first property fund in Europe to receive this certification.
• Proceeds are dedicated to financing and refinancing Dutch residential properties that either hold an EPC Label of 'A' or have been refurbished to achieve at least a minimum level of C (requiring a 2-level improvement in the EPC label). This level of improvement represents a minimum CO2 emission reduction of 34%.
• Vesteda, the largest residential property investment fund in the Netherlands, manages approximately 29,000 residential units across 532 complexes with EUR 7.3 billion (USD 8.2 billion) invested as of early 2019. The company aims for 80% of its portfolio to have EPC Label A, B, or C, and the remaining 20% to have EPC Label D by 2021.
• The issuer committed to publishing annual reports on the allocation of proceeds until all funds are allocated, as well as annual impact reports throughout the bond's term covering EPC labels, estimated energy savings, and avoided CO2 emissions.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-05%20NL%20Vesteda.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-05%20NL%20Vesteda.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=24 May 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-05%20NL%20Vesteda.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2019-05%20NL%20Vesteda.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }