Infrax launches successful first institutional bond issue on NYSE Euronext

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Brussels, 30 October 2013 – NYSE Euronext (NYX) today announced a successful € 250 million institutional bond offering on Euronext Brussels by Infrax, the Belgium-based multi-utility network systems operating Group.

Infrax is the sole Flemish multi-utility network systems operating Group bundling and integrating the operational activities of 5 inter-municipalities being Infrax West, Infrax Limburg, Iveg, PBE and Riobra. Infrax services a territory of 126 municipalities both in the Flemish (122) and Walloon (4) region. Infrax is 100% publicly owned (126 municipalities and 4 provinces).

The bonds issued by Infrax on 10 years have a maturity date in 2023. Investors can expect a coupon of 3.75% (mid-swap rate plus 170 basis points).

"We are particularly pleased that this issue, which is the first for our company, as has been successful," said Paul De fauw, CEO of Infrax. "Our financial transparency and strength generates substantial confidence among international investors. In this way we also diversify our funding sources. "

We are delighted with the success of Infrax’s bond offering on NYSE Euronext”, said Vincent Van Dessel, Chairman and CEO of NYSE Euronext Brussels. “Bonds offer businesses 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 NYSE Euronext, adds: “Our goal at NYSE Euronext is to channel domestic savings back into productive investment and allow the stock exchange to steadily increase its contribution to financing the real economy. 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 very delighted that more and more non listed companies understand the benefits of listing on Euronext Brussels

Belfius and BNP Paribas Fortis acted as Joint Lead Managers for this bond issue.

To celebrate the new listing, Paul De fauw, CEO of Infrax, rang the bell to open trading on NYSE Euronext’s European market this morning. He was accompanied by his management team while Vincent Van Dessel, Chairman and CEO of NYSE Euronext Brussels, and Alain Baetens, Head of Listings of NYSE Euronext Brussels represented the stock exchange.

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