20 October 2023
Elia Group SA/NV announces the exercise of its call option on the outstanding Fixed Rate Reset Undated Subordinated Securities issued in 2018 (ISIN: BE0002597756)
Elia Group SA/NV (the “Company”) announces today that it will redeem the outstanding Fixed Rate Reset Undated Subordinated Securities issued by the Company in 2018 (ISIN: BE0002597756) (the “2018 Hybrid Bonds”) in accordance with the terms and conditions of the 2018 Hybrid Bonds.
The exercise of the call option by the Company follows the closing of the cash tender offer made by the Company in relation to the 2018 Hybrid Bonds earlier this year, following which an aggregate nominal amount of €200,600,000 remained outstanding. The outstanding 2018 Hybrid Bonds will be redeemed by the Company on 15 November 2023.