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VGP plans private bond issuance worth up to €80M

VGP NV plans to issue up to €80 million of 3.35% fixed-rate bonds due March 30, 2025.

The company will issue the notes March 30 after a private placement with qualified investors March 28. VGP will use the proceeds to fund the development of new projects and for land bank expansion, among other purposes.

KBC Bank NV will serve as the sole manager and book runner for the issuance.