CPI Property Group Revamps Capital Structure

On October 13, 2025, CPI Property Group (CPIPG) announced significant strides in optimizing its capital structure. The group successfully completed repurchasing $272 million of US private placement notes, initially set to mature between 2027 and 2029, with an average coupon of 7.3%. This strategic move aims to reduce interest expenses and manage debt maturities proactively.

Additionally, CPIPG finalized a deal on October 7, issuing £300 million in hybrid bonds. The high demand, exceeding £1.25 billion, allowed a favorable swap to Euros at approximately 7.2%. The proceeds facilitated reclaiming a 49% equity stake in Polish assets, originally jointly held with SONA Asset Management. This transaction not only augments CPIPG’s credit metrics through beneficial equity treatment by rating agencies but also simplifies the group's structure by dissolving the joint venture.