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Proximus buys back €249.5 million 4.375% notes, €95.2 million 3.875% notes in offers
By Susanna Moon
Chicago, Sept. 29 – Proximus, SA said investors had tendered €249.5 million of its outstanding €950 million 4.375% notes due November 2016 and €95.2 million of its €500 million 3.875% notes due Feb. 7, 2018.
The company will accept for purchase all of the tendered 3.875% notes with no pro rata scaling, according to a press release.
The tender offers ended at 10 a.m. ET on Sept. 28. The offers began on Sept. 21.
Settlement has been slated for Oct. 1.
As previously announced, the company offered to purchase any and all of its 4.375% notes and up to a maximum amount of 3.875% notes that was to be announced later.
The 4.375% notes were issued in two tranches on Nov. 23, 2006 and Nov. 21, 2008.
The purchase price for the 4.375% notes is 105.01% of par, or €1,050.10 for each €1,000 principal amount, using a settlement date of Oct. 1.
Pricing for the 3.875% notes were scheduled to be set on Sept. 29 using the interpolated mid-swap rate flat.
The company said it intends to issue a series of euro-denominated notes under its €2.5 billion euro medium-term note program.
The dealer manager and structuring adviser is BNP Paribas (+44 20 7595 8668 or liability.management@bnpparibas.com). The dealer manager is ING Bank NV, Belgian Branch (+31 20 563 2132 or liabilitymanagement@ing.be). The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, Thomas Choquet, or proximus@lucid-is.com).
Proximus NV, formerly Belgacom NV and Belgacom SA, is a Brussels, Belgium-based company that provides both fixed and mobile telecommunication services, including telephony, internet and television services for both professional and private customers.
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