Chicago, Feb. 9 – The Belgian region of Wallonne (A3) priced €1.5 billion of senior social bonds in two parts on Thursday, according to a market source.
The first part of the Regulation S offering priced as €1 billion of 3.25% notes maturing in June 2033. The notes were discounted to 99.081 to yield 3.358%, or priced at OLO mid-swaps plus 44 basis points.
The second part priced as €500 million of 3.5% notes due 2043 at 98.36 to yield 3.616%. The spread was 45 bps to the interpolated OLO.
ABN Amro, Deutsche Bank (billing and delivery), ING, Natixis, Nomura, Nord/LB are the joint bookrunners.
Interest for the first tranche was in excess of €1.7 billion and demand for the longer tranche was above €875 million.
| Issuer: | Wallonne
|
| Amount: | €1.5 billion
|
| Issue: | Senior social bonds
|
| Bookrunners: | ABN Amro, Deutsche Bank (billing and delivery), ING, Natixis, Nomura, Nord/LB
|
| Trade date: | Feb. 9
|
| Settlement date: | Feb. 16
|
| Distribution: | Regulation S
|
|
|
| 2033 notes
|
| Amount: | €1 billion
|
| Maturity: | June 22, 2033
|
| Coupon: | 3.25%
|
| Price: | 99.081
|
| Yield: | 3.358%
|
| Spread: | OLO plus 44 bps
|
| ISIN: | BE0002922038
|
|
|
| 2043 notes
|
| Amount: | €500 million
|
| Maturity: | March 15, 2043
|
| Coupon: | 3.5%
|
| Price: | 98.36
|
| Yield: | 3.616%
|
| Spread: | Interpolated OLO plus 45 bps
|
| ISIN: | BE0002923044
|
|
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