CBRE · News · 20261027N
Senior Notes Issuance
CBRE GROUP, INC. · 2026-10-27 · Importance 46 · Surprise 42 · No source text
CBRE priced a $1 billion senior notes offering consisting of $500 million of notes due 2032 and $500 million due 2037. The 2032 notes carry a 5.650% annual interest rate and were priced at 99.424% of face value; the 2037 notes carry a 5.900% rate and were priced at 97.872% of face value. CBRE Services, Inc., a wholly owned subsidiary, will issue both series, which CBRE will fully and unconditionally guarantee. Net proceeds are estimated at approximately $980.2 million before offering expenses, and settlement was expected November 5, 2026, subject to customary closing conditions.
Key facts
- CBRE Group, Inc. announced pricing of $500 million aggregate principal amount of 5.650% Senior Notes due 2032. source
- CBRE Group, Inc. announced pricing of $500 million aggregate principal amount of 5.900% Senior Notes due 2037. source
- The 2032 Notes bear interest at 5.650% per annum and are being issued at 99.424% of face value. source
- The 2037 Notes bear interest at 5.900% per annum and are being issued at 97.872% of face value. source
- CBRE Services, Inc., CBRE Group, Inc.'s wholly owned subsidiary, will issue both series of Notes, which CBRE Group, Inc. will guarantee fully and unconditionally. source
- Each series of Notes was expected to settle on November 5, 2026, subject to customary closing conditions. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | CBRE Group, Inc. announced pricing of $500 million aggregate principal amount of 5.650% Senior Notes due 2032. |
| cash | negative | committed | — | The 2032 Notes bear interest at 5.650% per annum and are being issued at 99.424% of face value. |
| cash | negative | committed | — | The 2037 Notes bear interest at 5.900% per annum and are being issued at 97.872% of face value. |