Published on 4/1/2020 in the Prospect News Green Finance Daily.
New Issue: Walloon region prices €500 million new ½% 10-year sustainability bonds, €200 million tap
By Rebecca Melvin
New York, April 1 – Belgium's Walloon region, or Wallonia, priced €500 million of ½% 10-year sustainability bonds and a €200 million tap of its 1¼% sustainability bonds due May 2034.
The new ½% 10-year notes priced at 99.815 for a yield of 0.519%.
The tap of 1¼%, 2034 notes priced at 106.28 for a 0.777% yield. The new deal size for this issue is €700 million.
The bookrunners of the Regulation S bonds were Belfius, Deutsche Bank, HSBC (billing and delivery), ING and Natixis.
The region is a French-speaking part of Belgium.
| Issuer: | Walloon Region
|
| Issue: | Sustainability bonds
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| Amount: | €500 million new bonds, €200 million tap
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| Bookrunners: | Belfius, Deutsche Bank, HSBC (billing and delivery), ING and Natixis
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| Pricing date: | April 1
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| Settlement: | April 8
|
| Distribution: | Regulation S
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|
|
| 2030 notes
|
| Amount: | €500 million
|
| Maturity: | April 8, 2030
|
| Coupon: | ½%
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| Price: | 99.815
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| Yield: | 0.519%
|
|
|
| Tap of 2034 notes
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| Amount: | €200 million
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| Maturity: | May 3, 2034
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| Coupon: | 1¼%
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| Price: | 106.28
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| Yield: | 0.777%
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| Total deal size: | €700 million
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