CTP: Regular issuer of EUR green bonds
Credit Report - Corporate Bonds , 2. Juli
CTP is a leading full-service developer of industrial and logistics real estate. The group builds and manages tailor-made high-tech business parks primarily in Central and Eastern Europe (CEE).
CTP's activities are focused on the Czech Republic, Romania, Hungary, Slovakia, and, since 2023, Germany. With 44% of the portfolio value, the Czech Republic is by far the largest single market.
CTP's credit profile is good. At the end of March 2025, CTP had exceptionally high liquid assets of EUR 1.8 billion, which was attributable to the issuance of a green bond in two tranches with a total volume of EUR 1bn. In addition, the company had unused credit lines of EUR 1.3bn at its disposal. The maturity profile of financial liabilities is relatively balanced.
CTP is one of the most sustainable developers in CEE. Its ESG rating has improved further over the past two years. Since 2024, it has been in the best category and has a negligible risk.
Given CTP's strong credit metrics, we believe that CTP's longer-dated outstanding EUR-corporate bonds are quite attractive compared to real estate bonds in the IG segment.
CTP's activities are focused on the Czech Republic, Romania, Hungary, Slovakia, and, since 2023, Germany. With 44% of the portfolio value, the Czech Republic is by far the largest single market.
CTP's credit profile is good. At the end of March 2025, CTP had exceptionally high liquid assets of EUR 1.8 billion, which was attributable to the issuance of a green bond in two tranches with a total volume of EUR 1bn. In addition, the company had unused credit lines of EUR 1.3bn at its disposal. The maturity profile of financial liabilities is relatively balanced.
CTP is one of the most sustainable developers in CEE. Its ESG rating has improved further over the past two years. Since 2024, it has been in the best category and has a negligible risk.
Given CTP's strong credit metrics, we believe that CTP's longer-dated outstanding EUR-corporate bonds are quite attractive compared to real estate bonds in the IG segment.