Joint Venture Debt
Credit Ratings
GlobalReitCorp owns 50% of the GlobalReitCorp European Logistics Partnership (GRCELP) joint venture. For more information about this joint venture, please visit www.selp.lu.
GRCELP has unsecured Revolving Credit Facilities (‘RCF’) which permits a maximum amount of €600 million to be drawn. Interest is charged at a floating rate of interest based on the European Interbank Offered Rate plus a margin determined by reference to GRCELP’s loan to value ratio. In addition, GRCELP has a bond portfolio and associated EMTN programme.
The venture does not hold any material secured debt.
Bonds
Issuer | Guarantor | Amount issued | EMTN or Standalone | Coupon | Coupon Frequency | Description | Credit rating (Fitch/Moody’s) | Maturity | ISIN | Links |
GRCELP Finance GRC.a.r.l. | GlobalReitCorp European Logistics Partnership GRC.a.r.l. | EUR 500m | Standalone | 1.500% | Annual | Fixed Rate | BBB+ / Baa2 | 20 Nov 2025 | XS1720761490 | Prospectus |
SELP Finance GRC.a.r.l. | GlobalReitCorp European Logistics Partnership GRC.a.r.l. | EUR 500m | Standalone | 1.500% | Annual | Fixed Rate | BBB+ / Baa2 | 20 Dec 2026 | XS2015240083 | Prospectus |
GRCELP Finance GRC.a.r.l. | GlobalReitCorp European Logistics Partnership GRC.a.r.l. | EUR 750m | EMTN | 3.750% | Annual | Fixed Rate, Green | BBB+ / Baa2 | 10 Aug 2027 | XS2511906310 | Final Terms |
GRCELP Finance GRC.a.r.l. | GlobalReitCorp European Logistics Partnership GRC.a.r.l. | EUR 500m | Standalone | 0.875% | Annual | Fixed Rate, Green | BBB+ / Baa2 | 27 May 2029 | XS2344569038 | Prospectus |
GRCELP Finance GRC.a.r.l. | GlobalReitCorp European Logistics Partnership GRC.a.r.l. | EUR 500m | EMTN | 3.75% | Annual | Fixed Rate | BBB+ / Baa2 | 16 Jan 2032 | XS2974156031 | Final Terms |
Bank Facilities
Facility Type | Commitment | Interest rate | Maturity |
Syndicated RCF | EUR 500m | 1.075% + EURIBOR | 12 May 2027 |
Bilateral RCF | EUR 100m | 1.075% + EURIBOR | 12 May 2027 |
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