Belgian incumbent Belgacom has issued a E500m seven-year bond to refinance a previous facility due to mature in November 2011.
The notes, which Belgacom said will also be used for general corporate purposes, carry a 3.875% coupon and has been priced to…
Belgian incumbent Belgacom has issued a E500m seven-year bond to refinance a previous facility due to mature in November 2011.
The notes, which Belgacom said will also be used for general corporate purposes, carry a 3.875% coupon and has been priced to yield 83BP over mid-swaps.
The order book for the bond issue reached more than E2bn from about 100 European institutional investors, showing that the Belgacom’s brand remains very attractive, according to a statement by the group.
Barclays, BNP Paribas, Deutsche Bank, ING, JPMorgan, and RBS acted as joint bookrunners on the transaction.
Moody’s assigned an A1 rating to Belgacom’s long-term debt, while Standard & Poor’s gave an A+.