Belfius €500m callable Tier 1 issue eight times oversubscribed

Marc Wolterink, 05 February 2018

Belfius has launched a €500m inaugural Perpetual Additional Tier 1 bond targeted to institutional investors. The product, which was issued on January 25, bears a semi-annual discretionary non-cumulative coupon of 3.625% until the first call date on April 16, 2025 and includes a temporary write-down loss absorption mechanism. The instruments will be listed at Euronext Brussels.

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