Belgium’s UCB offers 5.2% senior notes in unrated retail offer

Chicago, Nov. 7 – UCB SA is offering investors 5.2% senior notes in a retail bond offer with both the issuer and the notes unrated (ISIN: BE0002976570), according to a market source.

The issue price is 101.875, including a commission of 1.875% to be paid by retail investors and reduced 1% for qualified investors and intermediaries.

The yield for qualified investors at the 100.875 price is 5.027%.

The notes will mature on Nov. 21, 2029.

The subscription period runs from Nov. 9 to Nov. 13.

BNP Paribas Fortis is handling billing and delivery. Belfius, ING and KBC Bank join as joint bookrunners.

Settlement is planned for Nov. 21.

The notes will be listed on Euronext Brussels.

The bookrunners are taking indications of interest.

UCB is a Brussels-based biopharmaceutical company.

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