bpost today issued a €650m 8-year bond, two times oversubscribed, with a coupon of 1.25%. The transaction will serve to refinance the November 2017 acquisition of Radial Holdings, LP at very good financial conditions.

Koen Van Gerven, CEO of bpost, says: “Following the award of an A credit rating by Standard & Poor's in June 2018, this bond offering allows us to take another step towards the execution of our strategic plan. This transaction confirms the long-term confidence of investors.”

Source: bpost