Signa Development Selection (SDS), a real estate investment company that belongs to Signa Holding, has successfully issued its first green bond. The €300 million bond carries a five-year maturity and a coupon of 5.50 percent a year. Placed with mainly European institutional investor, it was significantly oversubscribed, and 100 percent of the proceeds will be invested in suitable sustainable projects. SDS invests in development projects in major urban centers, primarily in German-speaking countries and Northern Italy, pursuing a “buy – develop – sell” strategy. With a gross development value of €8.4 billion, it is one of the companies belonging to the 22-year-old Signa Group, which also owns Signa Retail, the parent company of Galeria Kaufhof and Karstadt, and has controlling interest in Signa Sports United, the world’s leading sports e-tailer.