Bekaert to re-finance Euro 100 million in debt
ERJ staff report (SS)
Brussels, Belgium -- Bekaert will issue Euro 100 million worth of notes in the form of a public offering in Belgium, the Netherlands and Luxembourg, in a bid to refinance existing credit and finance future growth initiatives.
The issue price of the notes will be set at 101.80 percent of the nominal value of each note with a coupon of 5.30 percent per year. The gross yield is 4.886 percent, said the company, in a 7 Jan statement.
The notes are available in denominations of Euro 1000 and the subscription period will run from 10 Jan to 11 Feb 2008, subject to early closing.
Fortis and KBC will be acting as financial intermediaries and lead managers for this transaction.
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