Bekaert announced on November 15th 2011 that it would issue, through NV Bekaert SA, a dual tranche bond, one tranche with a tenor of 5 years and one tranche with a tenor of 8 years, for an expected total minimum amount of EUR 200 million in the form of a public offering in Belgium and the Grand Duchy of Luxembourg.

As a result of major success of this issue, the subscription period has been early terminated on November 17th 2011 at 5:30 PM CET, as agreed between the issuer and KBC Bank, global coordinator and joint book runner, BNP Paribas Fortis, joint book runner and ING Belgium, co manager.

The aggregate nominal amount of bonds to be issued on December 6th 2011 has been fixed at EUR 400 million (EUR 205 million for the 5 year tranche and EUR 195 million for the 8 year tranche).

In the event that the total amount of subscriptions received by the participating banks exceeds the amount of bonds that were allotted, the subscriptions will be reduced proportionally.

(Sourced from www.neurope.eu)