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Belfius Bank, BNP Paribas Fortis, and KBC Bank complete €125 million Green Bonds by Immobel SA/NV under €325 million EMTN Programme

June 2022

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

Jones Day assisted Belfius Bank SA/NV, BNP Paribas Fortis, and KBC Bank, as joint lead managers, in connection with (i) the update to Immobel SA/NV’s €325 million EMTN Programme and (ii) the issue and placement to retail investors (through a public offering in Belgium) of €125 million fixed-rate 4.75% Green Bonds due 29 June 2026 (4Y) thereunder. Immobel is the largest listed real estate developer in Belgium. The subscription period closed earlier on 17 June 2022 COB, after only one day of public offering. The net proceeds of the Green 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.

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