KBC Group : KBC successfully priced its inaugural Belgian residential mortgage covered bond Benchmark issue.
(Thomson Reuters ONE) -
Press Release - Outside trading hours - Regulated information*
Brussels, 3 December 2012
KBC launched today a highly successful Mortgage Pfandbriefen benchmark issue in
EURO, being the inaugural benchmark covered bond issue from KBC.
The Euro 1.25 Billion covered bond issue will mature on 11 December, 2017 and
bear a coupon of 1.125 % per annum payable annually. Pricing was at a reoffer
spread over euro mid swaps of 30 basis points resulting in an issue price of
99.638%.
Joint bookrunners were DEUTSCHE BANK, DZ BANK, GOLDMAN SACHS, KBC and NATIXIS.
On 19 November 2012 KBC publicly announced its intention to launch an inaugural
issue backed by Belgian residential mortgages. This was followed by an extensive
communication process followed by a pan European investor's roadshow to
institutional investors from 22 till 28 November 2012.
The issuance was extremely well received in the market as it offers geographical
diversification to covered bond investors, particularly with Belgium being the
latest European country to adopt a covered bond legislation. The covered bonds
are rated Aaa/AAA by Moody's and Fitch and are UCITS and CRD compliant.
The covered bond benchmark issue will further strengthen KBC's name and credit
story in the bond markets as a leading issuer in the Belgian market. It also
gives KBC the opportunity to further diversify its investor base and long-term
funding mix and resources through covered bonds.
Distribution
The orderbook reached EUR 5.2 billion with 200 investors involved.
Geographical distribution was well spread across Europe, with geographical
demand (after allocation) split up as follows : Germany/Austria (43%), Benelux
(20%), Nordics (12%), France (11%), UK (8%), Switzerland (3.%), Southern Europe
(1%), other (2%)
In terms of different types of investors (after allocation), banks were the most
active investors (48%), followed by Asset Managers (36%), Central Banks (3%),
Insurance (3%), Pension fund (4%), and others (6%).
For further information, please contact:
Wim Allegaert, General Manager, Investor Relations, KBC Group
Tel +32 2 429 40 51 E-mail wim.allegaert(at)kbc.be
Viviane Huybrecht, General Manager, Group Communications/Spokesperson, KBC Group
Tel +32 2 429 85 45 E-mail pressofficekbc(at)kbc.be
Important Information
This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the Covered Bonds, in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration, exemption from registration or qualification under the
securities laws of any such jurisdiction.
This announcement is not for distribution, directly or indirectly in the United
States of America, Canada, Japan or Switzerland, or any other jurisdiction where
distribution would not be permitted by law. The Covered Bonds will not be
offered in the United States of America.
No announcement or information with respect to the Covered Bonds may be
distributed to the public if the applicable legal requirements have not been
complied with. KBC Bank is not responsible for non-compliance of applicable
legal requirements by other persons.
* This news item contains information that is subject to the transparency
regulations for listed companies.
KBC press releases are available at www.kbc.com or can be obtained by sending an
e-mail to pressofficekbc(at)kbc.be
Covered Bonds Pricing:
http://hugin.info/133947/R/1662179/538641.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: KBC Groep via Thomson Reuters ONE
[HUG#1662179]
Unternehmensinformation / Kurzprofil:
Datum: 03.12.2012 - 18:26 Uhr
Sprache: Deutsch
News-ID 209088
Anzahl Zeichen: 4581
contact information:
Town:
Brussels
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"KBC Group : KBC successfully priced its inaugural Belgian residential mortgage covered bond Benchmark issue."
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KBC Groep (Nachricht senden)
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