Belgian incumbent Belgacom has priced €600m of 10-year notes that carry a 2.375% coupon and are being offered at a spread of 62bps over mid-swaps.
Barclays, BNP Paribas, JP Morgan, KBC and RBS are the lead managers on the issue, which priced at 99.631…
Belgian incumbent Belgacom has priced €600m of 10-year notes that carry a 2.375% coupon and are being offered at a spread of 62bps over mid-swaps.
Barclays, BNP Paribas, JP Morgan, KBC and RBS are the lead managers on the issue, which priced at 99.631 to yield 2.417%, according to market reports.
It is Belgacom’s first visit to the bond market in three years – in March 2011 it issued euro-denominated notes as part of a refinancing programme.
Belgacom did not respond to a request for comment on its new issue before the press deadline.
