Due to the extraordinary success of its bond issue, Fluxys early terminates the offer period today. Fluxys will issue bonds for an overall amount of E350 million.
The operation is organized through BNP Paribas Fortis and Dexia Banque. The bonds will be issued on 21 December 2009 in accordance with the terms and conditions as set out in the prospectus dated 17 November 2009.
The bonds have a gross annual coupon of 4.125%, giving a gross actuarial yield of 3.775% on the issue price of 101.849% (including commission on sales). The bonds will be accepted for trading on the regulated market of Euronext Brussels.
Fluxys will use the revenue from the transaction to finance its comprehensive investment programme. The company's indicative investment programme for the period 2008-2017 comprises infrastructure projects with an estimated value of E2.8 billion. The Fluxys projects aim to anticipate the evolution of gas demand in Belgium, attract new cross-border natural gas flows on the basis of long-term contracts and open the company's network to as many natural gas sources as possible.
Chairman of the Executive Board and CEO Walter Peeraer commented: "We are delighted with the great success of this operation. Our investments are public service investments and the substantial interest our bonds have generated is a sign of confidence in the sustainable and long-term nature of our business. By reinforcing the role of the Fluxys network as a crossroads for international gas flows we contribute in North-Western Europe to security of supply, the diversification of sources and increased liquidity on the natural gas market."
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| Press contact person | Financial data |
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| Bérénice Crabs | René Sterckx|
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| Tel.: +32 (0)2 282 72 30 | Tel.: +32 (0)2 282 74 80|
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| Fax: +32 (0)2 282 79 43 berenice.crabs@fluxys.com | Fax: +32 (0)2 282 75 83|
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| | rene.sterckx@fluxys.com|
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| | |
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| Other languages: this press release is also available in French and Dutch on the Fluxys website at www.fluxys.com.| |
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Copyright Hugin
The appendixes relating to the press release are available on:
http://www.hugingroup.com/documents_ir/PJ/CO/2009/160694_88_7950_PB-Fluxys-091120-EN.pdf
This announcement is originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
[CN#160694]
