Chicago, March 20 – Flemish Community (//AA) priced €1.25 billion of sustainability-linked notes due 2045 as part of a broader €2.5 billion offering that included a conventional bond, according to a market source.
The sustainable tranche priced with a 3.5% coupon at 98.908 to yield 3.575%, or at OLO plus 26 basis points.
Guidance started in the OLO plus 31 bps area.
Deutsche Bank handled billing and delivery and is a bookrunner. HSBC, ING and UniCredit are also bookrunners.
Demand was evenly distributed across the tranches with the books over €10 billion for each part.
The listing will be on Euronext Brussels.
| Issuer: | Flemish Community
|
| Amount: | €1.25 billion
|
| Issue: | Sustainability-linked senior notes
|
| Maturity: | June 22, 2045
|
| Bookrunners: | Deutsche Bank (billing and delivery), HSBC, ING and UniCredit
|
| Coupon: | 3.5%
|
| Price: | 98.908
|
| Yield: | 3.575%
|
| Spread: | OLO plus 26 bps
|
| Trade date: | March 20
|
| Settlement date: | March 27
|
| Distribution: | Regulation S
|
| Price talk: | OLO plus 31 bps area
|
| ISIN: | BE0390122852
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