Euronext welcomes TMVW on Alternext Brussels

Back

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.

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 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.  
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.

© 2022, Euronext N.V. - All rights reserved.