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Successful Bond Issue for Bekaert
On 7 October 2020, Bekaert announced the launch of an issuance of bonds with a maturity of 7 years for a total global amount of up to € 200 million (the “Bonds”). The subscription period for this new issue started on 9 October 2020. Bekaert was able to raise the maximum amount of € 200 million in one day and, as a result, has agreed with BNP Paribas Fortis, ING and KBC, the joint lead managers, to terminate the subscription period early on 9 October at 5:30 pm. Taoufiq Boussaid, CFO of Bekaert: “The fast and successful subscription of the bond is a signal of confidence in the solid reputation…
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NV Bekaert SA to issue 7-year bonds up to € 200 million
Bekaert announces today the launch of an issuance of bonds with a maturity of 7 years for a total global amount of up to € 200 million (the “Bonds”). The Bonds will be issued in a public offering in Belgium open to retail investors and, to a lesser extent, to qualified investors, with a subscription period from Friday 9 October 2020 until Friday 16 October 2020 (subject to early close). BNP Paribas Fortis is the Global Coordinator of the offering and will act as Joint Lead Manager for the transaction together with ING Bank and KBC. The Bonds will be listed on the regulated market of Euronext Brussels. The key features…
