Bekaert issues new bonds
NV Bekaert SA issues 5-year and 8-year bonds in euro
The net proceeds of these bonds will be used to refund certain bank indebtedness, refinance the bond maturing early 2012 and for general corporate purposes. With this bond issue, Bekaert aims to achieve an optimal global balance between short-term and long-term debt, as well as between bank financing and financing through the capital markets. Application has been made to list the bonds on the official list of the Luxembourg Stock Exchange and to admit the bonds to trading on the regulated market of the Luxembourg Stock Exchange.
1 The information in this press release constitutes regulated information as referred to in the Royal Decree of 14 November 2007 regarding obligations of issuers of financial instruments admitted to trading on a regulated market.
2 A different commission is applicable for qualified investors, as set out in the Prospectus.
3 The taxation is explained further in the Prospectus.
Main risks and restrictions
The bonds are subject to certain risks regarding the issuer, including credit risk, and customary market risks, such as risks relating to volatility, interest rates, liquidity, etc. These risks are particularly relevant for bonds with a long tenor. Repayment and interest payments depend on the solvency of the issuer. In the event of a default (e.g. bankruptcy) of the issuer, it is possible that the investor loses part or all of its invested capital. All information, selling restrictions and risks related to the bonds are described in the Prospectus.
Bekaert (www.bekaert.com) is a global technological and market leader in advanced solutions based on metal transformation and coatings, and the world's largest independent manufacturer of drawn steel wire products. Bekaert (Euronext Brussels: BEKB) is a global company with headquarters in Belgium, employing 28 000 people worldwide. Serving customers in 120 countries, Bekaert pursues sustainable profitable growth in all its activities and generated combined sales of € 4.5 billion in 2010.