Euronext celebrates the bond listing of Integrale on its Euronext Brussels market

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Brussels – 18 December 2014 – Euronext Brussels announces the successful admission to listing of corporate bonds issued by Integrale, the Belgian specialist in the management of supplementary pension schemes, on its regulated market.

Integrale is no conventional insurance company as it functions under the status of “caisse commune d’assurance/gemeenschappelijke verzekeringskas” in Belgium, which means that there are no traditional shareholders. All profits are divided among the members for their exclusive interest. Member-enterprises and affiliates manage together the company, thus ensuring  a transparent and joint policy. It is the first time that bonds issued by this type of legal entity have been admitted to listing on Euronext.

The bonds are admitted to listing on Euronext Brussels through a private placement with a total issued amount of €100.9 million reaching maturity on 31 January 2025. The interest rate stands at 6.25%.

We congratulate Integrale on its successful bond listing,” said Vincent van Dessel, Chairman and CEO of Euronext Brussels. “Euronext, as Europe’s leading exchange operator, enables companies to achieve their funding needs in an efficient manner and maximise the visibility of their investment story.

Alain Baetens, Head of Listings of Euronext Brussels, added: “Integrale is the first company in its specific sector to issue and list bonds on Euronext. We are proud to be a partner of this innovative approach in this sector, which underpins Euronext’s leading role as a capital raising centre in Europe. Without doubt, other actors in the industry will follow Integrale’s example as financial markets prove to be an suitable financing pool which meets regulatory requirements, improves capital costs and enhances market and investor confidence.

This successful operation is a strong and positive signal from a number of major institutional investors in Belgium and abroad. It confirms their confidence in Integrale and in our strategy,"said the Chairman of the Board of Directors of Integrale, Francis Lefèvre. The Chairman of the Executive Committee, Diego Aquilina, added: "After the closing of the loan, Integrale’s solvency ratio approximates 150% of the Solvency Capital Requirement under the new European legislation. Our strategy remains focused on long-term safety in combination with a constant pursuit of high returns, even in financially and economically difficult times.

Today, to celebrate the introduction of the new bonds, Diego Aquilina, Chairman of the Executive Committee of Integrale, and Patrice Beaupain, Finance and HR Director of Integrale,rang the bell in Brussels to close the trading on Euronext’s European markets. They were accompanied by Vincent Van Dessel, Chairman and CEO of Euronext Brussels, and Alain Baetens, Head of Listings of Euronext Brussels.

The operation was led by Kepler Capital Markets and ING Belgium.

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About Euronext 
Euronext is the leading pan-European market infrastructure, connecting European economies to global capital markets, to accelerate innovation and sustainable growth. It operates regulated exchanges in Belgium, France, Ireland, Italy, the Netherlands, Norway and Portugal. With close to 2,000 listed issuers and around €5.8 trillion in market capitalisation as of end June 2022, it has an unmatched blue-chip franchise and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets, one of Europe’s leading electronic fixed income trading markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. The Group provides a multi-asset clearing house through Euronext Clearing, and custody and settlement services through Euronext Securities central securities depositories in Denmark, Italy, Norway and Portugal. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, it also operates a number of junior markets, simplifying access to listing for SMEs.  
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