Fluxys retail bond issues

04-04-2012: Fluxys’ retail bond issue particularly successful: early termination raises €350 million

Today, the offer period for the Fluxys retail bonds was terminated early, with the nominal value of the bonds being set at €350 million. The bond issue’s success confirms the confidence of the market and the financial institutions in Fluxys’ financial reliability and in the crossroads function of the Belgian natural gas grid in North-Western Europe.

In consultation with BNP Paribas Fortis and KBC, the subscription period was terminated early on April 4th 2012 (17:30) due to its big success. The total amount issued is €350 million.

The total amount of subscriptions received for the retail bond was sensitively higher than the maximum amount of €350 million. The subscriptions will be proportioned. The investors will be informed through their respective financial agents. The bonds will be issued on 3 May 2012 and will be accepted for trading on NYSE Euronext Brussels.

Fluxys will use the revenue from the transaction to finance its investment programme and optimise its balance sheet structure. The company’s indicative investment programme for the period 2012-2021 comprises infrastructure projects for an estimated amount of just over €1.5 billion. The Fluxys projects aim to further enhance the crossroads function of the Belgian grid, thus supporting security of supply and the well-functioning of the market.

Fluxys is also to employ the bond issue to move towards a financial structure that is more in line with the Belgian regulatory framework (with a ratio of 1/3 equity to 2/3 borrowed funds). 


Prospectus 2012

> To access the prospectus detailing the retail bond issue, you must first read the waiver

Fluxys 2009 bond issue an extraordinary success: €350 million collected

Due to the extraordinary success of its bond issue, Fluxys has early terminated the offer period. Fluxys has issued bonds for an overall amount of €350 million.

The operation was organized through BNP Paribas Fortis and Dexia Banque. The bonds have been 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 2010-2019 comprises infrastructure projects with an estimated value of €2.1 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.

 

Prospectus 2009

> To access the prospectus detailing the retail bond issue, you must first read the waiver

Tips for using search operators

Use "quotation marks" to search for a series of words or a phrase in a specific order.

Boolean operators

You can find a group of words or a phrase by using the link words AND, OR and NOT:
known as Boolean operators, these words are used to combine terms in the search field.

  • AND: All the search terms must be included in the publication. Typing in Apple AND Pear will return publications containing both the word Apple and the word Pear.

     

  • OR :  At least one of the search terms must be included in the publication. Typing in Apple OR Pear will return publications containing either the word Apple or the word Pear or both.

     

  • NOT: The term preceded by NOT must not be included in the publication. Typing in Apple NOT Pear will return publications containing the word Apple but not the word Pear.