Eureko raises EUR 225 million with Perpetual Capital Securities issue |
Autor: Bancherul.ro
2008-05-16 13:10 |
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Eureko B.V. announced today that it raised EUR 225 million with the issuance of Perpetual Capital Securities (’Capital Securities’). Due to strong investor demand the subscription period was closed one day earlier. The Capital Securities were sold to retail investors in the Benelux, Germany and selected other European countries, said the company in a statement.
The coupon rate was fixed at 8.375% per annum with issue price at par. The interest will be paid annually on 23 May with the first payment on 23 May 2009. Eureko has the right to call the issue at par on 23 May 2013 or annually thereafter. The Capital Securities can also be called earlier in specific circumstances as mentioned in the Base Prospectus.
The Capital Securities have a nominal amount of EUR 1,000 and qualify as hybrid Tier-1 capital. An application has been made for trading of the Capital Securities on Euronext Amsterdam by NYSE Euronext and the Irish Stock Exchange as from 23 May 2008.
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