Bekaert issues bond - NV Bekaert SA issues 8-year bonds in euro

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Source: Bekaert Group

Bekaert has announced today that it will issue, through NV Bekaert SA, 8-year bonds for an expected minimum total amount of € 100 million in the form of a public offering in Belgium and the Grand Duchy of Luxembourg. BNP Paribas Fortis and KBC Bank act as joint bookrunners and lead managers for this transaction.

The net proceeds of the bond issue will be used to fund important capital investments in emerging countries and to refund certain bank indebtedness. With this bond issue, Bekaert aims to achieve an optimal balance between short-term and long-term debt, as well as between bank financing and financing through the capital markets.

Application has been made to list the notes on the regulated market of the Luxembourg Stock Exchange.

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