Commercial papers

Cofinimmo SA/NV has a 1,250 million EUR multi-currency Belgian sustainable commercial paper programme for both short-term and long-term commercial papers. Taking into account the sustainable character of the programme, the proceeds of the different issuances - both short term and long term – are only aimed at refinancing eligible social assets.

The programme benefits from the STEP label. The issue of short-term commercial papers is backed by committed undrawn long-term credit lines provided by leading international banks. These credit lines protect the group against the risk of a temporary or more sustained absence of lenders in the short-term debt markets.