Tessenderlo Chemie lists successful bond public offer on Euronext Brussels


Brussels, 15 July 2015 – EnterNext today welcomes the listing of a successful €250 million bond public offer on Euronext Brussels by Tessenderlo Chemie NV, the Belgium-based specialty company, focused on food, agriculture, water management and valorising bio-residuals.

Tessenderlo’s two series of retail bonds are maturing in 2022 and in 2025 respectively. After the second day of the subscription period, the bonds had already been entirely subscribed for the maximum combined amount of €250 million, of which €192 million for the 2022 Bonds and €58 million for the 2025 Bonds. The two series of bonds offer a gross coupon of 2.875% per year and 3.375% per year for the 2022 Bonds and 2025 bonds respectively.

Founded in 1892, Tessenderlo is an international specialty group, providing solutions for needs in agriculture, food, water management and efficient use and re-use of natural resources. Tessenderlo Chemie NV is listed on Euronext Brussels and is part of the EnterNext franchise, dedicated to the promotion of Mid & Small Caps. The company is included in the Next 150 and BEL Mid indices.

Stefaan Haspeslagh, Chairman of the Board of Directors and CFO of Tessenderlo Group, said: “It is a great pleasure to be here today. Our retail bond was a very successful one. The strong confidence that investors have shown in Tessenderlo Group by subscribing for the seven and ten year bonds, will allow us to optimize our financing strategy and to continue to invest in the future growth of our business. I would like to take the opportunity to thank all of our employees for their hard work and dedication, the investors for their confidence, as well as the banks (ING, BNP Paribas Fortis, KBC, Belfius, Bank Degroof) for their support during this transaction.

“We are delighted with the success of Tessenderlo’s bond offering on Euronext Brussels”, commented Vincent Van Dessel, CEO of Euronext Brussels. “Bonds are an attractive and flexible source of additional funding, and we are convinced that such bonds help to channel domestic savings back into productive investment.” 

Alain Baetens, Head of Listings of Euronext Brussels, added: “We congratulate the company’s management and advisors with the successful placement of one of the largest retail bonds in the last three years, and this in challenging market conditions. It proves the robustness of the markets and confidence in its ability to support ambitious growth companies to attract the right investors at attractive capital costs.”

To celebrate the new listing, Stefaan Haspeslagh, Chairman of the Board of Directors and CFO of Tessenderlo Group, rang the bell to open trading on Euronext.

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 1,930 listed issuers and around €6.3 trillion in market capitalisation as of end December 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).

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.

© 2023, Euronext N.V. - All rights reserved.