Cases & Deals

BNP Paribas, KBC Bank, Société Générale, and ABN AMRO BANK act as initial dealers on Ghelamco’s establishment of new €250 million EMTN Programme and issuance of new Notes for €101.6 million

Clients KBC Bank NV

Jones Day advised BNP Paribas Fortis SA/NV and KBC Bank NV, as arrangers, and BNP Paribas Fortis SA/NV, KBC Bank NV, Société Générale, and ABN AMRO BANK, as initial dealers, in connection with the establishment of a new €250 million EMTN Programme of Ghelamco Invest NV guaranteed by Ghelamco Group COMM. VA. Jones Day also advised BNP Paribas Fortis SA/NV and KBC Bank NV, as dealer managers, in connection with the voluntary conditional cash tender offer by Ghelamco Invest NV to purchase any and all of its €70 million of 6.25% Notes due February 28, 2018 (the “Existing Notes”) (the “Cash Tender Offer”). €51.3 million of the Existing Notes was tendered in the cash tender offer. Concurrently with the cash tender offer, Ghelamco Invest NV placed New Notes for €101.6 million under its new EMTN Programme.

Ghelamco Group is a leading European real estate investor and developer operating in the office, residential, retail, and logistics markets on the Belgian, French, Polish, Ukrainian, and Russian markets.