Corporate Bond VGP NV
- Fixed annual coupon
- 7-year term
Investing in bonds entails risks. By subscribing to the Bonds, investors give a loan to the Issuer, which undertakes to pay interest on an annual basis and to repay the principal at maturity. Investors risk losing some or all of their invested capital. Before subscribing to the Bond, investors should read the product info sheet and the prospectus, paying special attention to the risk factors. (see Part I ‘Summary’ on page 17 and next and under Part II ‘Risk factors’ on page 27 and following of the Prospectus)
From Friday, 23 June 2017 (9 a.m.) through Friday, 30 June 2017 (5.30 p.m.) (unless the subscription period is closed early), you can subscribe to a new corporate bond (the “Bond”) of VGP NV (BE) (“the Issuer”).
|Maturity Date:||6 July 2024|
101%, namely EUR 1.010 per Denomination.
All rates and charges on securities transactions applying at KBC Bank NV can be found at the Schedule of rates and charges.
|Placement fee:||1,875%, where 1% is paid by the client, included in the Issue Price, and 0,875% is paid by the issuer|
|Amount repaid at the Maturity Date:||Investors are entitled to receive 100.00% of the amount invested in EUR, i.e. EUR 1,000.00 per Denomination, except in case of bankruptcy or default of the Issuer.|
|Investment objective:||With an investment in this product one expects on a diversification of the investment portfolios.|
|Annual Coupon:||3.25% payable annually on 6 July each year, from July 2018 until the Maturity Date. The annual Coupon will be adjusted in the event of a step-up or step-down as a result of a change of control and/or depending on whether a financial commitment is achieved. For the detailed description of the mechanisms we refer to Part IV Conditions of the Bonds of the Prospectus. The amounts set out in this section, are annualized and before deduction of withholding tax (currently at 30%).|
The Gross Yield is 3.089% (before withholding tax), if the Bond is held until the Maturity Date. You can find more information under “Gross Yield to Maturity” in the Product info sheet.
The Yield after withholding tax (currently 30%) is 2.12% if the Bond is held until the Maturity Date. You can find more information under “Yield to Maturity after withholding tax” in the Product info sheet.
|Listing:||Regulated market of Euronext Brussels.|
|Governing law:||Belgian law.|
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