KBC Groep NV has priced a syndicated EUR denominated Mussel market bond which matures in 2027.
A Mussel bond is an EUR-denominated bond issued by a Belgian entity in the Belgian Domestic Bond market.
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| Issuer Details | |
| Issuer | KBC Groep NV |
| LEI | 213800X3Q9LSAKRUWY91 |
| Industry | Bank - Universal |
| Country | Belgium |
| Issuer Description | KBC Group NV, formerly KBC Groupe SA, is a Belgium-based holding company engaged in the banking, insurance and asset management. It controls two other companies: KBC Bank and KBC Insurance.The Company’s activities are divided into four divisions: Belgium, comprising retail and private banking and insurance, asset management and private banking in Belgium; Central & Eastern Europe and Russia, comprising retail bank insurance and merchant banking activities in the Czech Republic, Slovakia, Hungary, Poland and Bulgaria; Merchant Banking, consisting of corporate banking and market activities in Europe, and Shared Services and Operations providing support and products to other business units. Each of these units has its own management committee and oversees both the banking and the insurance activities. In May 2013, it sold its Russian banking business Absolut Bank to a group of Russian companies. |
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| Fitch Credit Rating | [Login to see full details] |
| Trade Details | |
| Amount | EUR [Login to see full details] |
| Total Amount including taps | EUR [Login to see full details] |
| Total Amount Outstanding | EUR [Login to see full details] |
| Total Order Book | EUR [Login to see full details] |
| Structure | Fixed Rate |
| The coupon is [Login to see full details] | |
| Reoffer | [Login to see full details] |
| It came at a spread of [Login to see full details] in the Mussel bond market. | |
| Term | [Login to see full details] |
| Trade Date | [Login to see full details] |
| Settlement Date | [Login to see full details] |
| Maturity Date | [Login to see full details] |
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A Mussel bond is an EUR-denominated bond issued by a Belgian entity in the Belgian Domestic Bond market.
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