BRUSSELS, Belgium (Jan. 9, 2008) — Bekaert S.A. said it will issue $146.6 million worth of notes via a public offering in Belgium, the Netherlands and Luxembourg, to refinance existing credit and finance future growth initiatives.
The steel cord maker said the issue price of the notes will be 101.80 percent of the nominal value of each note with a coupon of 5.3 percent per year. The gross yield is 4.886 percent.
Fortis and KBC will be acting as financial intermediaries and lead managers for the transaction.