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Bekaert : to issue Retail Bonds  07 Oct 2020

10/07/2020 | 02:35am
07-Oct-2020
Press release Summary & download

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 of the Bonds are listed below:

Issuer NV Bekaert SA (incorporated under Belgian law)
Denomination The Bonds are available in denominations of € 1 000
Form and status Unsubordinated dematerialized securities, subject to Belgian law.
The Bonds constitute direct, unconditional, unsubordinated and, subject to the provisions of the negative pledge, unsecured obligations of the Issuer.
Offer period From 9 October 2020 at 9.00 am CET until 16 October 2020 at 5.30 pm CET (subject to early close)
Issue and payment date 23 October 2020
Size Up to € 200 million
Annual coupon 2.75% (gross) paid annually on 23 October
Issue price 101.875% (including a commission of 1.875% to be borne by retail investors1)
Gross Actuarial Yield at issue price 2.455% (assuming that the Bonds will be held until the Maturity Date)
Net Actuarial Yield after 30% withholding tax 1.639% (assuming that the Bonds will be held until the Maturity Date)
Scheduled Maturity Date 23 October 2027
Repayment 100% per denomination
Rating The Bonds will not be rated
ISIN Code BE0002735166

1 A different commission is applicable for qualified investors, as set out in the Prospectus.

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Bekaert NV published this content on 07 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2020 06:34:03 UTC

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