By Mary-Katherine Stinson
Lexington, Ky., May 2 – Ethias SA sold €250 million of 6.75% subordinated tier 2 notes due 2033 (//BBB), according to a notice.
The green notes priced at par, or with a spread of 365.4 basis points over mid-swaps or 430.4 bps over Bunds.
The notes can be called in November 2032, according to Fitch Ratings.
JPMorgan SE was the bookrunner.
The Liege, Belgium-based insurance services company plans to use the proceeds for general corporate purposes, Fitch said in its press release.
| Issuer: | Ethias SA
|
| Amount: | €250 million
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| Maturity: | 2033
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| Securities: | Fixed-rate subordinated green notes
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| Bookrunner: | JPMorgan SE
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| Coupon: | 6.75%
|
| Price: | Par
|
| Yield: | 6.75%
|
| Spread: | Mid-swaps plus 365.4 bps, or Bunds plus 430.4 bps
|
| Call features: | Callable in November 2032
|
| Rating: | Fitch: BBB
|
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