22 November 2019
VGP NV announces that the public offer in Belgium for a retail bond has been closed, in consultation with KBC Bank NV and Belfius Bank SA/NV, the joint lead managers, after the first day of the subscription period because the maximum amount of € 150 million was amply achieved. The net proceeds of the issuance of the bonds will amount to approximately € 148.8 million.
The joint lead managers received a total amount of subscriptions that is more than 3.5 times higher than the maximum issue amount of € 150 million. Because of this oversubscription, subscriptions will be reduced accordingly. The investors will receive more information in this regard via their financial intermediary.
The bonds (with ISIN code BE0002677582) will be issued on 2 December 2019 and will be admitted to trading on the regulated market of Euronext Brussels.