TMVW is the first 100% public-owned company to issue bonds on Alternext Brussels
Brussels – 17 December 2013– Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), announces the listing on Alternext Brussels of the first Treasury Notes, under the Belgian Multi Term Commercial Paper Programme, of Tussengemeentelijke Maatschappij der Vlaanderen voor Watervoorziening (TMVW), a Belgium-based multi-utility water company.
TMVW is the second largest drinking water company in Flanders (Belgium). It is 100%-owned by public entities, of which mostly municipalities. As a multi-service company for the public sector, TMVW operates in 85 municipalities. TMVW offers various services such as the production, transportation and distribution of drinking water, sewerage services, the management of sport infrastructure, the management of road infrastructure and collective buying.
Four Euro Medium Term Notes were listed as of 11 December 2013 with amounts from € 10 million to € 40 million. Coupons range from 3.8% to 5% and maturities from 10 to 20 years.
“We are delighted with the first bond issue of a 100% public-owned company on Alternext Brussels”, said Vincent Van Dessel, Chairman and CEO of Euronext Brussels. “Bonds offer an attractive source of additional funding that are both flexible and efficient. We are convinced that the bond offering encourages investors to continue investing in the market.”
Alain Baetens, Head of Listings Belgium at Euronext Brussels, added: “Bonds are a complementary source of finance for issuers seeking to optimize their funding base and reach out to a new range of investors. We are delighted that more and more companies understand the benefits of listing on Euronext Brussels. Alternext Brussels has a Private Placement compartment that offers issuers a fast, efficient, cost effective way of raising money with less regulatory obligations.”