Edition:
United Kingdom

Bekaert places 380 million euro convertible bonds


Thursday, 19 May 2016 

NV Bekaert SA : Successful placement of €380 million zero-coupon convertible bonds due 2021 and results of the repurchase of the outstanding €300 million 0.75 percent convertible bonds due 2018 . Conversion price of € 51.25 has been set at a premium of 35 % over the reference share price of € 37.9677 . Repurchase price 2018 bonds is equal to € 115,093.46 per € 100,000 principal amount per outstanding bonds, together with €741.80 accrued and unpaid interest .Settlement of the concurrent repurchase is expected to take place on June 14. 

Company Quote

37.78
0.22 +0.59%
23 Feb 2018