Belgian developer Atenor has announced the launch of EUR 40 mln in five-year bonds targeting retail and institutional investors in Belgium and Luxembourg.
Belgian developer Atenor has announced the launch of EUR 40 mln in five-year bonds targeting retail and institutional investors in Belgium and Luxembourg.
The net proceeds of the offering will be used to finance projects as an addition to, or substitute for, bank financing. Atenor said proceeds may also be used to pay off debt arriving at maturity.
The issue price is set at 101.875% of the nominal value of the bonds with a gross interest rate of 5.375%.
The subscription period will run from 18 to 22 October 2012, subject to early closing. The payment date of the bonds is set at 26 October 2012.
Banks Belfius and Degroof are acting as joint bookrunners and joint lead managers. Law firm NautaDutilh advised Atenor on the operation.
