Xior Student Housing issues Green US Private Placement

Xior Student Housing has issued a €100 million ($109 million) Green US Private Placement with three institutional investors belonging to a large international insurance group.

The notes were issued under Xior’s new Green Finance Framework, which was created in March.

This first issuance of notes is expected to strengthen Xior’s debt maturity profile, diversify its funding and support the company’s credit profile. Proceeds will be used (re)finance green buildings, renewable energy, energy efficiency, waste management, clean transportation and water management projects that are aligned with the U.N. Sustainable Development Goals.

“The fact that we can successfully complete this process to secure long-term financing from an internationally renowned investor at an attractive rate, especially in these uncertain times, represents a new milestone in our financing strategy, as it demonstrates the solid credit profile of Xior as well as our commitment to our ES