Euronext successfully launches an inaugural €500 million bond issue, listed on Euronext Dublin

Amsterdam, Brussels, Dublin, Lisbon, London and Paris – 11 April 2018 – Today Euronext, the leading pan-European exchange in the Eurozone with more than 1,300 listed issuers, launched a €500 million, 7-year  inaugural bond issue, rated by S&P “A”, with an annual coupon of 1% and listed on Euronext Dublin [1]. Euronext N.V. is rated “A, stable outlook” by S&P since 3 April 2018 [2].

The order book reached an amount of more than €2.2bn, and was more than 4.4 times oversubscribed. The success of this transaction shows investors' strong confidence in Euronext’s ambitions, strategy and solid credit profile.

The proceeds of the issue will be used to (i) refinance in whole the existing €165m term loan and drawings under the revolving credit facility in connection with the acquisition of Euronext Dublin, and (ii) for general corporate purposes in line with the Agility for Growth strategy.

BNP Paribas and Crédit Agricole CIB acted as Joint Global Coordinators, and ABN AMRO, ING, MUFG and Société Générale Corporate and Investment Banking acted as Joint bookrunners on the transaction.

Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said:

“This inaugural €500 million bond offering will allow Euronext to diversify its funding mix and provide enhanced flexibility for future capital allocation decision while benefiting from current market conditions. We are pleased that our first bond issuance took place on Euronext Dublin which is part of Euronext group since 27 March 2018, and the very positive reception given to this issue underscores investors’ confidence in Euronext’s strategy and ambitions”.

 

[1] From 27 March 2018, the Irish Stock Exchange plc will use the trading name Euronext Dublin to carry out its commercial activities. Legal name change will take place in due course, pending regulatory approval.

[2] Report available for information only at the following address: https://www.euronext.com/en/investors/debt-and-bond-investors 

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About Euronext
Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. With 1,300 listed issuers worth €3.9 trillion in market capitalisation as of end June 2018, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar® Eurozone 50 Index℠ and a strong diverse domestic and international client base. Euronext operates regulated and transparent equity and derivatives markets and is the largest centre for debt and funds listings in the world. Its total product offering includes Equities, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. 
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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.

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