Natixis, KBC Bank, Landesbank Baden-Württemberg, HSBC France, and Morgan Stanley complete €1 billion Social Bond and €1 billion Conventional Bond by Walloon Region
Jones Day assisted Natixis, KBC Bank, Landesbank Baden-Württemberg, HSBC France, and Morgan Stanley, as placement agents, in connection with the issuance of (i) a €1 billion 1.05% Social Bond offering due June 22, 2040 and (ii) a €1 billion 0.05% Conventional Bond offering due June 22, 2025 by the Walloon Region, a federated entity of the Kingdom of Belgium. The bonds will be listed on Euronext Brussels. This is the largest issue ever done by the Walloon Region. It includes their debut Social bond/Covid-19 response, in order to finance exceptional one-time fixed compensation measures granted to mitigate the socio-economic crisis as well as measures taken to support regional healthcare & social structures and services.