By Rebecca Melvin
New York, Sept. 7 - Groupe Bruxelles Lambert SA priced €400 million of three-year exchangeable bonds at par to yield 0.125% with an initial conversion premium of 20%, according to a news release.
The Regulation S bonds will be exchangeable into shares of the Suez Environment Co.
BNP Paribas Fortis, Deutsche Bank and Morgan Stanley were the joint bookrunners of the deal.
Settlement is seen Sept. 21.
The exchangeables are expected to be admitted to trade on the Euro MTF market of the Luxembourg Stock Exchange.
The exchange will be requested no later than Oct. 31.
Groupe Bruxelles Lambert is a Belgian industrial holding company.
| Issuer: | Groupe Bruxelles Lambert SA
|
| Underlying stock: | Suez Environment Co.
|
| Issue: | Exchangeable bonds
|
| Amount: | €400 million
|
| Maturity: | 2015
|
| Bookrunners: | BNP Paribas Fortis, Deutsche Bank, Morgan Stanley
|
| Coupon: | 0.125%
|
| Price: | Par
|
| Yield: | 0.125%
|
| Conversion premium: | 20%
|
| Distribution: | Regulation S
|
| Announcement date: | Sept. 7
|
| Settlement date: | Sept. 21
|
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