Sibelco secures 5-year inaugural bond for EUR 350 million


Sibelco yesterday successfully secured the placement of a 5-year inaugural bond for EUR 350 million.

The bonds were placed with qualified institutional investors and more than twice oversubscribed, allowing for a deal of EUR 350 million. The pricing of the annual coupon was fixed at 2.875% with an issue price of 99.100%.

This financing provides additional diversity to Sibelco’s funding portfolio. The proceeds of the bond issue will be used for general corporate purposes, including the financing growth projects and potential acquisitions.

The bonds are contemplated to be issued on 11 April 2022, subject to customary closing conditions, and will be listed and admitted to trading on Euronext Growth (Euronext Brussels).

Sibelco was supported by BNP & KBC acting as Global Coordinators and Commerzbank & ING acting as Active Bookrunners.

CEO Hilmar Rode commented:


Sibelco’s funding position is very healthy, and this additional source of financing provides us with extra flexibility. Growth is a key element of our Sibelco 2025 strategy, and the funds will be used to finance our growth projects and potential acquisitions. We appreciate the banks’ and investors’ trust in Sibelco and the market’s view of Sibelco as a solid investment-grade company.

Hilmar Rode

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