Analyst Research

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Provider: Reuters Investment Profile
$20.00

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KBC Group SA Updates on Belgian Residential Mortgage Covered Bond Issue


Monday, 3 Dec 2012 12:24pm EST 

KBC Group SA (KBC Group) announced that the EUR 1.25 billion covered bond issue will mature on December 11, 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%. The joint bookrunners were DEUTSCHE BANK, DZ BANK, GOLDMAN SACHS, KBC and NATIXIS. The orderbook reached EUR 5.2 billion with 200 investors involved. Geographical distribution was 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%). 

Company Quote

41.685
0.75 +1.83%
24 Oct 2014