“GBL Raises €500 Million in Bonds for General Corporate Purposes”

2023-05-09 18:32:13

The Brussels investment holding company GBL has raised 500 million euros in bonds from major investors, it said on Tuesday.

These are bonds with a duration of 10 years with a rate of 4%.

The holding company will use the money raised “for general corporate purposes”, it said in a statement.

GBL (Groupe Bruxelles Lambert) is the family holding company of Albert Frère who died in 2018 and who was the richest Belgian for a long time. GBL is part of the Bel20, the flagship index of the Brussels stock exchange.

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