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BRIEF-CTP Places EUR 500 Mln Green Bond And EUR 200 Mln Tender Offer

BY Reuters | CORPORATE | 12:25 PM EST

Nov 22 (Reuters) - CTP NV:

* CTP ANNOUNCES THE SUCCESSFUL PLACEMENT OF A ?500 MILLION GREEN BOND AND ?200 MILLION TENDER OFFER

* PLACES ?500 MILLION GREEN BOND WITH 8-YEAR MATURITY AND 3.875% COUPON

* TENDER OFFER SETTLEMENT EXPECTED ON 25 NOVEMBER 2024

* PROCEEDS TO BE USED FOR TENDER OFFER AND GENERAL CORPORATE PURPOSES

* ISSUANCE SAW STRONG DEMAND FROM INVESTORS AND ACHIEVED AN OVERSUBSCRIPTION OF 5.5 TIMES

* TO REPURCHASE BONDS WITH NOMINAL AMOUNT OF ?200 MILLION

* TO BOOK CAPITAL GAIN OF ?5.8 MILLION FROM TENDER OFFER

* OVERSUBSCRIBED WITH ORDER BOOK OVER ?2.8 BILLION Source text: Further company coverage: (Gdansk Newsroom)

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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