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4 months ago
BRIEF-Proximus has successfully issued 500 million euros senior unsecured notes
March 15, 2017 / 5:34 PM / 4 months ago

BRIEF-Proximus has successfully issued 500 million euros senior unsecured notes

1 Min Read

March 15 (Reuters) - Proximus NV:

* Has successfully issued 500 million euros senior unsecured notes due March 2022

* Spread of this transaction was set at 25 basis points over 5-year mid-swap rate

* Issue was very well received with an order book in excess of 1.3 billion euros ($1.38 billion) (nearly 3 times oversubscribed) and was placed with more than 75 European institutional investors

* Proceeds of the new issue will be used primarily to refinance existing short term debt and upcoming maturities Further company coverage: ($1 = 0.9404 euros) (Gdynia Newsroom)

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