{"id":722,"date":"2018-07-26T16:42:37","date_gmt":"2018-07-26T14:42:37","guid":{"rendered":"http:\/\/axeco.0to9.io\/?p=722"},"modified":"2022-03-17T14:07:23","modified_gmt":"2022-03-17T13:07:23","slug":"vestada-issues-eur-500-million-8-year-bond","status":"publish","type":"post","link":"https:\/\/axeco.0to9.io\/nl\/vestada-issues-eur-500-million-8-year-bond\/","title":{"rendered":"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon"},"content":{"rendered":"<p><em><strong>Vestada issued its third corporate bond under its EUR 2 billion EMTN programme. The transaction is in line with their funding strategy and further strengthens their capital structure, reduces their cost of capital and improves their debt maturity profile.<\/strong><\/em><\/p>\n<p><em><strong>Axeco Corporate Finance is pleased to have advised Vestada<\/strong><\/em><\/p>\n<p>Vesteda successfully issued its third corporate bond under its EUR 2 billion EMTN programme. The EUR 500 million benchmark size bond has a term of eight years and a coupon of 2.0%. The bond was more than two times oversubscribed. ABN AMRO, BNP Paribas, Deutsche Bank and Rabobank acted as arrangers and bookrunners and AXECO acted as financial advisor to the issuer. The bond will be listed on Euronext Amsterdam.<\/p>\n<p>This transaction follows the acquisition of a \u20ac1.5 billion Dutch residential real estate portfolio from financial services company NN Group. Proceeds of the bond will be used to refinance the bridge facility related to this transaction as well as for general corporate purposes. As a result of the \u20ac500 million bond issue and the preceding amend and extend transaction of Vesteda\u2019s \u20ac700 million senior unsecured revolving credit facility which was concluded in March of this year, Vesteda has extended its weighted average maturity to over 6 years and further reduced its average cost of debt.<\/p>\n<p><em>\u201cWe are very pleased that we have successfully issued our first \u20ac500 million bond under our EMTN programme. In line with our funding strategy this transaction further strengthens our capital structure, reduces our cost of capital and improves our debt maturity profile\u201d,<\/em> says Vesteda CFO Frits Vervoort.<\/p>\n<p><strong>About Vesteda <\/strong><\/p>\n<p>Vesteda is an entrepreneurial investor with a clear focus on the Dutch residential real estate market. Vesteda invests funds for institutional investors such as pension funds and insurers. Vesteda has total capital of \u20ac6.3 billion invested in real estate (excluding pipeline). Its rental portfolio stands at a total of approx. 27,000 residential units. Vesteda\u2019s key investment regions are the Randstad region and the Brabant metropolitan area.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vestada issued its third corporate bond under its EUR 2 billion EMTN programme. The transaction is in line with their funding strategy and further strengthens their capital structure, reduces their cost of capital and improves their debt maturity profile. Axeco Corporate Finance is pleased to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vestada issues EUR 500 million 8-year bond with a 2.0% coupon - AXECO Corporate Finance<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon - AXECO Corporate Finance\" \/>\n<meta property=\"og:description\" content=\"Vestada issued its third corporate bond under its EUR 2 billion EMTN programme. The transaction is in line with their funding strategy and further strengthens their capital structure, reduces their cost of capital and improves their debt maturity profile. Axeco Corporate Finance is pleased to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"AXECO Corporate Finance\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-26T14:42:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-17T13:07:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/axeco.0to9.io\/wp-content\/uploads\/2022\/02\/1102_DCM_Tombstone_Axeco_DCM_Vesteda1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1668\" \/>\n\t<meta property=\"og:image:height\" content=\"1668\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"0to9\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Geschreven door\" \/>\n\t<meta name=\"twitter:data1\" content=\"0to9\" \/>\n\t<meta name=\"twitter:label2\" content=\"Geschatte leestijd\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/\",\"url\":\"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/\",\"name\":\"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon - AXECO Corporate Finance\",\"isPartOf\":{\"@id\":\"https:\/\/axeco.0to9.io\/#website\"},\"datePublished\":\"2018-07-26T14:42:37+00:00\",\"dateModified\":\"2022-03-17T13:07:23+00:00\",\"author\":{\"@id\":\"https:\/\/axeco.0to9.io\/#\/schema\/person\/103fd54344badc19cc605d3e7efb9d30\"},\"breadcrumb\":{\"@id\":\"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/#breadcrumb\"},\"inLanguage\":\"nl-NL\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/axeco.0to9.io\/nl\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/axeco.0to9.io\/#website\",\"url\":\"https:\/\/axeco.0to9.io\/\",\"name\":\"AXECO Corporate Finance\",\"description\":\"Enabling entrepreneurial dreams\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/axeco.0to9.io\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"nl-NL\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/axeco.0to9.io\/#\/schema\/person\/103fd54344badc19cc605d3e7efb9d30\",\"name\":\"0to9\",\"sameAs\":[\"http:\/\/axeco.0to9.io\"],\"url\":\"https:\/\/axeco.0to9.io\/nl\/author\/0to9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon - AXECO Corporate Finance","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"nl_NL","og_type":"article","og_title":"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon - AXECO Corporate Finance","og_description":"Vestada issued its third corporate bond under its EUR 2 billion EMTN programme. The transaction is in line with their funding strategy and further strengthens their capital structure, reduces their cost of capital and improves their debt maturity profile. Axeco Corporate Finance is pleased to...","og_url":"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/","og_site_name":"AXECO Corporate Finance","article_published_time":"2018-07-26T14:42:37+00:00","article_modified_time":"2022-03-17T13:07:23+00:00","og_image":[{"width":1668,"height":1668,"url":"https:\/\/axeco.0to9.io\/wp-content\/uploads\/2022\/02\/1102_DCM_Tombstone_Axeco_DCM_Vesteda1.png","type":"image\/png"}],"author":"0to9","twitter_card":"summary_large_image","twitter_misc":{"Geschreven door":"0to9","Geschatte leestijd":"2 minuten"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/","url":"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/","name":"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon - AXECO Corporate Finance","isPartOf":{"@id":"https:\/\/axeco.0to9.io\/#website"},"datePublished":"2018-07-26T14:42:37+00:00","dateModified":"2022-03-17T13:07:23+00:00","author":{"@id":"https:\/\/axeco.0to9.io\/#\/schema\/person\/103fd54344badc19cc605d3e7efb9d30"},"breadcrumb":{"@id":"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/#breadcrumb"},"inLanguage":"nl-NL","potentialAction":[{"@type":"ReadAction","target":["https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/axeco.0to9.io\/vestada-issues-eur-500-million-8-year-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/axeco.0to9.io\/nl\/"},{"@type":"ListItem","position":2,"name":"Vestada issues EUR 500 million 8-year bond with a 2.0% coupon"}]},{"@type":"WebSite","@id":"https:\/\/axeco.0to9.io\/#website","url":"https:\/\/axeco.0to9.io\/","name":"AXECO Corporate Finance","description":"Enabling entrepreneurial dreams","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/axeco.0to9.io\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"nl-NL"},{"@type":"Person","@id":"https:\/\/axeco.0to9.io\/#\/schema\/person\/103fd54344badc19cc605d3e7efb9d30","name":"0to9","sameAs":["http:\/\/axeco.0to9.io"],"url":"https:\/\/axeco.0to9.io\/nl\/author\/0to9\/"}]}},"_links":{"self":[{"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/posts\/722"}],"collection":[{"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/comments?post=722"}],"version-history":[{"count":1,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/posts\/722\/revisions"}],"predecessor-version":[{"id":724,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/posts\/722\/revisions\/724"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/media\/559"}],"wp:attachment":[{"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/media?parent=722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/categories?post=722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/tags?post=722"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/axeco.0to9.io\/nl\/wp-json\/wp\/v2\/post_folder?post=722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}