Proximus successfully issues EUR 700 million Bond

Today, Proximus successfully issued a new 10-year bond for an amount of EUR 700 million, to be listed on Euronext Brussels.

On 20 March 2024, Proximus successfully priced its EUR 700 million bond transaction. The bonds carry a coupon of 3.75% and have a 10-year maturity due 27 March 2034. The settlement of the bonds will take place on 27 March 2024 and the bonds are expected to be admitted to trading on Euronext on or about the same day. The issue is rated BBB+ by S&P and A2 by Moody's, in line with the long-term credit rating of Proximus.

The issuance was well received with an order book in excess of EUR 1.6 billion (2.2 times oversubscribed) and was placed with more than 90 European institutional investors. The success of this transaction testifies to the quality and strength of the Proximus credit as well as the strong appetite of investors in the institutional bond markets. The transaction fits well into Proximus' long-term funding strategy.

The proceeds will be used for general corporate purposes and will cover the financing needs related to the upcoming closing of the transaction with Route Mobile, in which Proximus Group will obtain a majority stake.

Barclays, BNP Paribas, Bred Banque Populaire, Commerzbank, KBC Bank and Morgan Stanley acted as joint bookrunners for this transaction.


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