07/04/2018 | Press release | Distributed by Public on 07/04/2018 09:48
04 Jul 2018
bpost today issued a €650m 8-year bond, two times oversubscribed, with a coupon of 1.25%. The transaction will serve to refinance the November 2017 acquisition of Radial Holdings, LP at very good financial conditions.
Koen Van Gerven, CEO of bpost, says: 'Following the award of an A credit rating by Standard & Poor'sin June 2018, this bond offering allows us to take another step towards the execution of our strategic plan. This transaction confirms the long-term confidence of investors.'
For more information:
Baudouin de Hepcée (journalists and investors): + 32 (0)476 49 69 58
Saskia Dheedene (investors only): +32 (0)2 276 76 43