Wolters Kluwer successfully prices a new ten year €700 million benchmark Eurobond

Wolters Kluwer announced today that it has successfully launched and priced a new ten year €700 million benchmark Eurobond offering following a three-day pan-European debt investor roadshow.

Wolters Kluwer, a market-leading global information services company focused on professionals, announced today that it has successfully launched and priced a new ten year €700 million benchmark Eurobond offering following a three-day pan-European debt investor roadshow. The bonds have been priced at an issue price of 99.709 per cent and will carry an annual coupon of 2.875 per cent. Settlement date has been set at March 21, 2013. The bonds were placed with a broad range of institutional investors across Europe.

The senior, unsecured bonds will mature on March 21, 2023. The net proceeds of the issue of the bonds will be applied by Wolters Kluwer for general corporate purposes, including refinancing of existing debt. Conditional upon settlement of the transaction, the company intends to exercise a call option on its €225 million perpetual cumulative subordinated bonds in 2013.

ABN AMRO, Barclays, Rabobank International, and The Royal Bank of Scotland acted as joint lead managers for this issue. The bonds will be listed on the Official List of the Luxembourg Stock Exchange.