Brief: Banimmo Closes EUR 50 Million Bond Private Placement

Banimmo SA

27/11/2020 16:55

Nov 27 (Reuters) - Banimmo SA  BANI.BR :
    * BANIMMO NV CLOSES A EUR 50 MILLION BOND PRIVATE PLACEMENT
    * NET PROCEEDS OF BOND ISSUE WILL BE USED BY BANIMMO NV TO
FINANCE
CURRENT DEVELOPMENT PROJECTS IN GHENT AND BRUSSELS AND SUPPORT
GROWTH STRATEGY
    * BONDS WILL BE ISSUED ON DECEMBER 2ND 2020
    * KBC BANK NV ACTED AS SOLE BOOK RUNNER FOR THIS PLACEMENT
    * BONDS, EACH WITH A DENOMINATION OF EUR 100.000, BEAR A
FIXED
COUPON OF 4.50% PER ANNUM
    * NET PROCEEDS WILL ALSO CONTRIBUTE TO DIVERSIFICATION OF
FINANCIAL RESOURCES AND REORGANISATION OF EXISTING DEBT

Source text for Eikon:  ID:nGNE9Nqp69 
Further company coverage:  BANI.BR 

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