Proximus successfully completes the placement of a EUR 750 million bond issuance

On 1 April 2025, Proximus successfully priced its EUR 750 million bond transaction. The bonds carry a coupon of 3.75% and have a 10-year maturity due 8 April 2035. The settlement of the bonds will take place on 8 April 2025 and the bonds are expected to be admitted to trading on Euronext on or about the same day. The issue is expected to be rated BBB+ by S&P and A3 by Moody's, in line with the long-term credit rating of Proximus. Including the pre-hedging instrument put in place in February 2022, the effective fixed interest rate for the company on this 10-year bond transaction is 2.88%.

The issuance was well received with an order book peaking at EUR 1.8 billion (finishing 2.2 times oversubscribed at final terms) and was placed with around 100 European institutional investors. The success of this transaction testifies to the quality and strength of the Proximus credit as well as the strong appetite of investors in the institutional bond markets. The transaction fits well into Proximus' long-term funding strategy.

The proceeds will be used for general corporate purposes, including the refinancing of existing debt.

BNP Paribas, Bred Banque Populaire, Commerzbank, KBC Bank, Morgan Stanley and Société Générale acted as joint bookrunners for this transaction.