Slaughter and May is advising Workspace Group PLC in relation to its first Green bond, a sterling-denominated senior unsecured guaranteed green bond issuance in an aggregate principal amount of £300 million and for a term of seven years (the "Bonds"). The Bonds will bear interest at a rate of 2.25 per cent per annum. The Bonds are to be issued in connection with Workspace’s new green finance framework, in line with Workspace's ESG 'Doing the Right Thing' strategy and its recently published net zero carbon pathway.
The proceeds will be used to finance or refinance eligible green refurbishment and redevelopment projects, reinforcing the key role Workspace plays in the employment-led regeneration of areas across London as a long-term owner of historic and character buildings in the capital.
