Early closure of the EUR 75 million retail notes issue

Early closure of the EUR 75 million retail notes issue

Immobel’s public issue aimed mainly at retail investors successfully closed and was oversubscribed almost six times

The notes were successfully placed with primarily retail investors following a book-building process where Belfius and BNP PARIBAS FORTIS acted as Joint Lead Managers.

The maximum amount of EUR 75 million was raised, and as a result Immobel decided to close the subscription period early on 4 October 2019 at 5:30 PM.

The notes will be issued on 14 October 2019 and will be listed and admitted to trading on the regulated market of Euronext Brussels (ISIN BE0002671528). The gross annual coupon pays 3.000%. The gross actuarial yield amounts to 2.722% on an annual basis and the net actuarial yield amounts to 1.831% on an annual basis.

“This issue will allow us to further support the development of our real estate portfolio in Europe. This success once again demonstrates the confidence that retail investors have in our strategy,” explains Karel Breda, Chief Financial Officer.

For this transaction, Immobel was advised by Linklaters and the Joint Lead Managers by Allen & Overy.

This press release must be read together with the Base Prospectus dated 24 September 2019 and the Final Terms dated 1 October 2019 (including the issue-specific summary attached thereto), which are available on the websites of Immobel (www.immobelgroup.com), BELFIUS (www.belfius.be/Immobel2019) and BNP PARIBAS FORTIS (www.bnpparibasfortis.be/emissies (Dutch) or www.bnpparibasfortis.be/emissions (French)).

 

Download the complete version of the press release hereunder: