By Rebecca Melvin
New York, March 9 – Gimv NV priced $100 million of 2.25% eight-year senior sustainability bonds at par, according to a market source on Monday.
The Regulation S notes, representing the investment company’s inaugural issue under its new sustainable finance framework, will yield 234.8 basis points over mid-swaps.
The proceeds will be used to finance and/or refinance investments in companies which are active in or are about to align their strategy with social and/or green eligibility criteria. The projects can be all types of investment expenditures including debt and equity.
ING was global coordinator, bookrunner and sustainability bond structurer and Belfius was also a bookrunner.
The European investment company is based in Antwerp, Belgium.
| Issuer: | Gimv NV
|
| Amount: | $100 million
|
| Maturity: | March 15, 2029
|
| Description: | Senior unsecured, unsubordinated sustainability bonds
|
| Bookrunners: | ING and Belfius
|
| Coupon: | 2.25%
|
| Price: | Par
|
| Yield: | 2.25%
|
| Spread: | Mid-swaps plus 234.8 bps
|
| Call feature: | Make-whole call before Feb. 15, 2026 at Treasuries plus 10 bps; thereafter at par
|
| Trade date: | March 8
|
| Settlement date: | March 15
|
| Distribution: | Regulation S
|
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