Banimmo NV closed a 5-year private placement of Bonds for an amount of EUR 50 million. The bonds, each with a denomination of EUR 100.000, bear a fixed coupon of 4.50% per annum. The bonds will be issued on December 2, 2020 and will be admitted to trading on Euronext Growth Brussels under ISIN Code BE0002748292. The net proceeds of the bond issue will be used by Banimmo NV to finance the current development projects in Ghent and Brussels and support the growth strategy through further development of the existing portfolio and future acquisitions. They will also contribute to the diversification of the financial resources and the re-organization of the existing debt.