KBC BANK NV in Vranken-Pommery Monopole S.A.’s €125 Million Bond Issuance

Cleary Gottlieb represented KBC BANK NV as lead manager in Vranken-Pommery Monopole’s issuance of 4.125% unsecured bonds due 2019 for an aggregate principal amount of €125 million. The transaction closed on June 20, 2013.

The bonds were offered to retail and qualified investors in Belgium and the Grand-Duchy of Luxembourg and were admitted to trading on the regulated market of Euronext Brussels on June 20, 2013. The bonds have a term of 6 years and offer a gross annual interest rate of 4.125%. The prospectus, drafted in accordance with the Prospectus Directive, was approved by the French Autorité des marchés financiers and was passported into Belgium and the Grand-Duchy of Luxembourg.

The bonds were governed by French law. Vranken-Pommery Monopole was the first non-Belgian issuer to have non-Belgian law governed dematerialized retail bonds to be accepted in the X/N clearing system operated by the National Bank of Belgium for clearing and settlement.

Vranken-Pommery Monopole is listed on NYSE Euronext Paris and Brussels. Vranken-Pommery Monopole is the second largest champagne group. Its portfolio comprises leading brands.