Cases & Deals

Belfius Bank, Deutsche Bank, and Morgan Stanley complete €500 million Inaugural Social Bond by French Community of Belgium

Clients Belfius Bank, Deutsche Bank, and Morgan Stanley & Co. International plc

Jones Day assisted Belfius Bank, Deutsche Bank, and Morgan Stanley & Co. International plc in connection with the issuance by CFB (Communauté française de Belgique), a federated entity of the Kingdom of Belgium, of its inaugural €500 million 0.625% Fixed Rate Social Bonds due June 11, 2035 (the “Bonds”) under its €8 billion EMTN Programme. The proceeds of the Bonds will be used to finance and refinance current and future eligible social expenditures which include, in line with the new CFB’ Social Finance Framework, access to essential services (education and social inclusion) as well as affordable basic infrastructures (sports and culture). The Bonds will be listed on Euronext Brussels.