Euronext celebrates the city of Namur’s first bond listing on Euronext Brussels

Brussels – 5 May 2014 – Euronext Group N.V., a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), announces the successful bond listing by the city of Namur on its Brussels regulated market (Euronext Brussels).

The city of Namur has been the capital of Wallonia since December 11th, 1986, a region with 3.5 million inhabitants. Namur has a total area of 175.69 km² and has 110,096 inhabitants.

The bonds (Medium Term Notes) are admitted to listing on Euronext through a private placement offer with a total issued amount of € 25,000,000 reaching maturity on the 5th of May 2017 and the 5th of May 2019. The interest rates stand at 1.231% and 1.702%.

“We are pleased to welcome the city of Namur’s bond issue on Euronext Brussels”, said Vincent Van Dessel, CEO of Euronext Brussels. “Bonds offer an attractive source of additional funding that are both flexible and efficient, and we are convinced that our bond offering encourages investors to continue investing in the market. The successful placement of the city of Namur underscores the vital role capital markets can play in realising the strategic goals of all sorts of players”.

Alain Baetens, Head of Listings of Euronext Brussels: “We are delighted with the city of Namur’s strong appreciation of our outstanding Bond Listing and Trading Offer for professionally managed institutions, public authorities and companies. We look very much forward to a real partnership with the city of Namur in bringing them the full benefits of raising funds through the capital markets”.

Maxime Prévot, Mayor of Namur, commented: “It is with great enthusiasm that the City of Namur takes part in this innovative process for local authorities and their finances. With these bonds, with their lower costs - and certainly more attractive than conventional bank loans - and no financial risk for the municipal budget, the City will be able to raise financing for a series of major projects to support our capital city in its process of urban renewal”.

Today, to celebrate the introduction of the new bond, Maxime Prévot, Mayor of Namur, rang the bell to open trading on Euronext’s European market. He was accompanied by Vincent Van Dessel , Chairman and CEO of Euronext Brussels, and Alain Baetens, Head of Listings of Euronext Brussels.

Press Release Footer

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 more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, 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.
For the latest news, follow us on Twitter (twitter.com/euronext) and LinkedIn (linkedin.com/euronext).

_{Disclaimer

This press release is for information purposes only and is not a recommendation to engage in investment activities. This press release is provided “as is” without representation or warranty of any kind. While all reasonable care has been taken to ensure the accuracy of the content, Euronext does not guarantee its accuracy or completeness. Euronext will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided. No information set out or referred to in this publication may be regarded as creating any right or obligation. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. All proprietary rights and interest in or connected with this publication shall vest in Euronext.}

_{This press release speaks only as of this date. Euronext refers to Euronext N.V. and its affiliates. Information regarding trademarks and intellectual property rights of Euronext is located at www.euronext.com/terms-use.}