Published on 11/2/2015 in the Prospect News High Yield Daily.
New Issue: Ethias sells €171 million tap of 5% subordinated notes due 2026 at 80
By Paul A. Harris
Portland, Ore., Nov. 2 – Ethias SA announced in a Monday press release that it has priced a €170.8 million add-on to its dated subordinated notes due January 2026 (//BB) at 80.
ABN Amro, BNP Paribas and JPMorgan were the bookrunners.
The Liege, Belgium-based insurance services company plans to use the proceeds for general corporate purposes.
| Issuer: | Ethias SA
|
| Amount: | €170,800,000
|
| Maturity: | January 2026
|
| Securities: | Dated subordinated notes
|
| Bookrunners: | ABN Amro, BNP Paribas, JPMorgan
|
| Coupon: | 5%
|
| Price: | 80
|
| Settlement date: | Nov. 5
|
| Rating: | Fitch: BB
|
| Placement: | Private
|
| Original issue: | €170.8 million
|
| Total issue size: | €402.7 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
