Belgian real estate group Cofinimmo announced on Thursday that a EUR 100 mln bond issue was fully placed during the first day of inscription. The gross annual yield on the issue price stands at 4.54%.
Belgian real estate group Cofinimmo announced on Thursday that a EUR 100 mln bond issue was fully placed during the first day of inscription. The gross annual yield on the issue price stands at 4.54%.
Cofinimmo said the net proceeds would allow the company to cover its total refinancing needs until mid-2011 and to diversify its financial resources which today are less dependent from the banking market.
The bonds are expected to be listed on Euronext Brussels. BNP Paribas Fortis, ING Belgium and KBC Bank acted jointly as placing agents.
