Bpost: successful bond issue
(CercleFinance.com) - bpostgroup announces the successful issue of senior unsecured bonds in two tranches for a total of E1bn, with maturities of 5 and 10 years, a further milestone following the successful acquisition of the Staci group on 1 August.
The amount raised will be used to refinance the bridge loan put in place in August as part of this acquisition. The bond issue was subscribed by a diversified base of institutional investors, and was 4.4 times oversubscribed to.
The Belgian postal operator specifies that the five-year E500m bond, maturing on 16 October 2029, carries an annual coupon of 3.290%, and the 10-year bond, maturing on 16 October 2034, an annual coupon of 3.632%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The amount raised will be used to refinance the bridge loan put in place in August as part of this acquisition. The bond issue was subscribed by a diversified base of institutional investors, and was 4.4 times oversubscribed to.
The Belgian postal operator specifies that the five-year E500m bond, maturing on 16 October 2029, carries an annual coupon of 3.290%, and the 10-year bond, maturing on 16 October 2034, an annual coupon of 3.632%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.