Funding
PPI maintains a robust and well ‑diversified funding platform that supports the Group’s long ‑term strategy and stable cash ‑flow generation. The Group’s assets are funded through a combination of bank loans and bond financing, supported by a disciplined capital structure and clearly defined financial policies that contribute to low financial risk and resilience across market cycles.
PPI has an Investment Grade rating of BBB+ from Fitch.
The objective of PPI’s funding strategy is to secure competitive financing costs, maintain ample liquidity and long-term financial flexibility. A conservative approach to funding enhances the Group’s balance sheet quality and provides a solid foundation for continued value creation, while enabling PPI to execute on strategic priorities in a changing macroeconomic environment.
MTN Programme
Under the €4,000,000,000 Euro Medium Term Note Programme (the” Programme”) of Public Property Invest ASA (“PPI”), PPI may from time-to-time issue notes denominated in any currency agreed between the Issuer and the relevant Dealers. Any bonds issued by Public Property Invest ASA under the Programme will be listed on Euronext Dublin and/or Oslo Stock Exchange, depending on if the bonds are registered in Euroclear Bank SA/NV, Clearstream Banking S.A or VPS (Verdipapirsentralen).
Arranger: J.P. Morgan SE
Dealers: Citigroup Global Markets Europe AG, Danske Bank A/S, DNB Bank ASA, Goldman Sachs Bank Europe SE, J.P. Morgan SE, Nordea Bank Abp and Skandinaviska Enskilda Banken AB (publ)
Principal paying agent and transfer agent: Deutsche Bank AG, London Branch
Registrar: Deutsche Bank Luxembourg S.A.
Deutsche Trustee Company Limited is the trustee, while Nordea Bank Abp, filial i Norge, Issuer Service, is the account manager and calculation agent for bonds registered in VPS.