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%.


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