Belgian real estate developer Atenor has announced the placement of a 5-year bond for a minimum amount of EUR 50 mln to diversify its sources of financing. The offering, with a 6% gross coupon, is aimed at retail and institutional investors in Belgium and the Grand Duchy of Luxembourg.

Atenor said the proceeds will be allocated to the firm's ' prudent acquisition policy' as well as to the development of the projects in its portfolio.

The bonds iare expected to be listed on the Stock Market of Luxembourg. The banks KBC and Degroof are acting as joint lead managers in relation to the issue and placement of the bonds.