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Argenta launches 500 million euro Belgian Covered Bonds for professional investors
23 February 2022
Argenta today successfully launched its third issue of EUR 500 million Belgian covered bonds under its covered bond issuance program.
Due to rising market interest rates, the 7-year term is significantly shorter than the 10-year and 20-year transactions of 2021. The bonds are rated AAA by Standard & Poor's.
The issue price is 99.607% and the annual coupon is 0.75%. This gives an annualized yield of 0.808 %.
This benchmark issue will further strengthen Argenta's name and credit story as an issuer in the fixed income market. Moreover, this is an additional source of financing for Argenta at interesting conditions.
For the full press release, we refer to the file below: