Global law firm White & Case LLP advised Belfius, BofA Securities, Citigroup, Commerzbank, Societe Generale and UBS Investment Bank as joint lead managers on a €500 million notes issuance for Belfius under its €10 billion Euro Medium Term Note Program.
The issuance comprised €500 million callable fixed rate reset Tier 2 notes due 2033. The notes will bear interest at a fixed rate of interest until the reset date. Following the reset date, the notes will bear interest at a rate equal to the sum of the five-year mid-swap rate and the margin.
The White & Case team was led by counsel Willem Van de Wiele (Brussels & Luxembourg) and included associates Madeleine Tardif and Elisaveta Bajenova (both Brussels).
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