BEKAERT (D) : Bond issue successful: Bekaert collects ? 400 million
11/17/2011| 02:40pm US/Eastern
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17 November 2011, after closing of stock exchange
Press
Katelijn Bohez
T +32 56 23 05 71
Investor Relations
Jacques Anckaert
T +32 56 23 05 72
www.bekaert.com www.bekaert.mobi
Bekaert bond issue successful
Bekaert collects € 400 million - subscription period has been
early terminated
Bekaert announced on 15 November 2011 that it would issue,
through NV Bekaert SA, a dual tranche bond: one tranche with
a tenor of 5 years and one tranche with a tenor of 8 years,
for an expected total minimum amount of € 200 million in the
form of a public offering in Belgium and the Grand Duchy of
Luxembourg.
As a result of major success of this issue, the subscription
period has been early terminated on
17 November 2011 at 5:30 p.m. CET, as agreed between the
issuer and KBC Bank, global coordinator and joint bookrunner,
BNP Paribas Fortis, joint bookrunner, and ING Belgium,
co-manager. The aggregate nominal amount of bonds to be
issued on 6 December 2011 has been fixed at € 400 million (€
205 million for the 5-year tranche and € 195 million for the
8-year tranche).
In the event that the total amount of subscriptions received
by the participating banks exceeds the amount of bonds that
were allotted, the subscriptions will be reduced
proportionally. More information is available in the press
release of 15 November 2011 issued by Bekaert and in the
Prospectus which
is published on www.bekaert.com
and available with the joint lead
managers2.
Profile
Bekaert (www.bekaert.com) is a global technological and
market leader in advanced solutions based on metal
transformation and coatings, and the world's largest
independent manufacturer of drawn steel wire products.
Bekaert (Euronext Brussels: BEKB) is a global company with
headquarters in Belgium, employing 28 000 people worldwide.
Serving customers in 120 countries, Bekaert pursues
sustainable profitable growth in all its activities and
generated combined sales of € 4.5 billion in 2010.
1 The information in this press release constitutes
regulated information as referred to in the Royal Decree of
14 November 2007 regarding obligations of issuers of
financial instruments admitted to trading on a regulated
market.
2 The issue and listing prospectus (the "Prospectus")
in English, dated 14 November 2011 and approved by the
Luxembourg
Commission de Surveillance du Secteur Financier on 14
November 2011 and passported to Belgium, as well as the
summary of the Prospectus in Dutch and in French are
available for the investors, free of charge, at the office of
Bekaert at President Kennedypark 18, BE8500 Kortrijk in
Belgium. These documents are also available, free of charge,
by phone with BNP Paribas Fortis - tel.: +32 2 433 40 31
(Dutch) or +32 2 433 40 32 (French), KBC Bank - tel: +32 78
15 21 53 (Dutch) or +32 78 15 21 54 (French) and ING - tel
+32 2 464 61 01 (Dutch) or +32 2 464 61 02 (French), and also
at the counter of each of their local branches in Belgium
(BNP Paribas Fortis, Fintro, KBC, CBC and ING). They are
further available on the websites of BNP Paribas Fortis
(www.bnpparibasfortis.be/emissions), KBC Bank
(www.kbc.be/obligations), ING (www.ing.be: Investments -
Bonds) and Bekaert (www.bekaert.com; section investors).
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