The Bekaert SA 2.75% 23 October 2027 Bond is a fixed-rate debt security issued by Bekaert SA, a Belgian multinational recognized for its leadership in steel wire transformation and coating technologies. This bond carries a fixed annual coupon rate of 2.75%, with interest payments made once per year on the 23rd of October. Investors who purchase the bond receive the face value, or principal, upon maturity on 23 October 2027, provided they hold the bond until that date.
Structured as an unsubordinated and unsecured obligation, the bond reflects direct claims against the issuer and ranks equally with other unsecured creditors of Bekaert SA. Available in €1,000 denominations, the bond was issued to raise up to €200 million, primarily targeting retail investors in Belgium. The proceeds help Bekaert maintain financial flexibility, supporting its global operations in industries such as automotive, construction, energy, and manufacturing, where its advanced materials play a crucial role. The bond is notable for providing stable, predictable income to investors while contributing to the capital structure of a major industrial player in the European market.