Belfius Bank, BNP Paribas, and KBC Bank complete €125 million Green Bonds by Immobel SA/NV

Client(s) Belfius Bank, BNP Paribas Fortis, and KBC Bank

Jones Day assisted Belfius Bank, BNP Paribas Fortis, and KBC Bank, as joint lead managers, in connection with the issuance and placement to retail investors (through a public offer in Belgium) of €125 million 3% Green Bonds due May 12, 2028 by Immobel SA/NV, the largest listed real estate developer in Belgium. The subscription period closed earlier on October 28, 2021, before close of business, after only one day of public offer. The net proceeds of the Bonds will be used by Immobel to finance or refinance exclusively, in whole or in part, assets, projects, and activities which contribute to Immobel's ESG strategy in accordance with the eligibility criteria set out in Immobel's Green Finance Framework. The Bonds will be listed on Euronext Brussels.