DEME issues retail bond on 6 years with an annual interest rate of 4.145%
Zwijndrecht, 23 January 2013 (08:00 CET) – DEME NV’s board of directors has decided to issue a bond in Belgium for an expected aggregate nominal amount of minimum 100,000,000 EUR and maximum 200,000,000 EUR. The bonds, with a nominal value of 1,000 EUR, will be repaid according to the conditions defined in the prospectus, at 100% of the nominal value at 14 February 2019 and will generate an annual interest of 4.145%. The gross actuarial yield for the issue price amounts to 3.79%.
The subscription period will as start on 25 January 2013 (09:00 CET) and end on 8 February 2013 (12:00 CET), subject to early closure.
BNP Paribas Fortis, ING Belgium and KBC Bank act as joint lead managers for the issue of this bond. Belfius Bank, Econopolis and Bank Deelen are acting as co-lead managers.
A prospectus describing the transaction and its terms may be obtained at the relevant financial institutions and is available on the company’s website (www.deme.be). The prospectus was approved by the FSMA (Financial Services and Markets Authority) on 22 January 2013.
This operation aims to diversify DEME’s funding sources.
About DEME NV
The Belgian dredging, environmental and marine engineering group DEME has won a prominent position on the world market in a number of highly specialized and complex hydraulic disciplines. The DEME Group diversified from dredging operations and land reclamation to marine engineering solutions at sea, services to oil and gas companies, installation of offshore wind farms, environmental activities such as soil remediation, recycling of dredged materials and remediation of brownfields and wreck clearance. The Group has become a global solutions provider and has one of the most modern, high-tech and versatile fleets for dredging and marine engineering. DEME employs more than 4,200 people.
DEME N.V. - Els Verbraecken - Deputy CFO - T +32 3 250 53 23
DEME N.V. - Ann Wittemans - T +32 3 210 67 94 - M + 32 470 88 04 71 - Wittemans.Ann@deme.be
The characteristics of the offer as presented above only constitute a summary of the conditions of the Bonds. Before making an investment decision and carrying out a transaction with respect to the Bonds, investors must ensure that they have a correct understanding of the transaction and that they can make a independent assessment of the appropriate character of the transaction in light of their objectives. Investors must ensure that they have sufficient information available with respect to the Issuer and the Bonds prior to making an investment in the Bonds. In their investment decision, the investors should take into consideration the information contained in the prospectus, including the risk factors as described in the prospectus and not only this announcement. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Bonds, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. This announcement is not for distribution, directly or indirectly in the United States of America, Canada, Japan or Switzerland, or any other jurisdiction where distribution would not be permitted by law. The Bonds are not offered in the United States of America. In the European Economic Area (except Belgium) this announcement is only directed at qualified investors at qualified investors within the meaning of directive 2003/71/EC (as amended). No announcement or information with respect to the Bonds may be distributed to the public in other jurisdictions than Belgium if the applicable legal requirements have not been complied with. The Issuer is not responsible for non-compliance of applicable legal requirements by other persons.