bpost issues €650m long-term bond

bpost has announced that it has issued a €650m 8-year bond, two times oversubscribed, with a coupon of 1.25%.

The company said that the transaction will serve to refinance the November 2017 acquisition of Radial Holdings “at very good financial conditions”.

Koen Van Gerven, CEO of bpost, commented: “Following the award of an A credit rating by Standard & Poor’s in June 2018, this bond offering allows us to take another step towards the execution of our strategic plan. This transaction confirms the long-term confidence of investors.”