Euronext successfully prices €250 million tap on its outstanding June 2029 bond
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EURONEXT SUCCESSFULLY PRICES €250 MILLION TAP ON ITS OUTSTANDING JUNE 2029 BOND
Amsterdam, Brussels, Dublin, Lisbon, London, Oslo and Paris – 22 June 2020 – Today Euronext, the leading pan-European exchange, announces it has successfully priced a tap offering of €250 million of notes, rated A- by S&P, on its outstanding June 2029 bond listed on Euronext Dublin. This increases the total principal amount bearing interest at an annual rate of 1.125% to €750 million. Euronext N.V. is rated “A-, stable outlook” by S&P since 31 May 20191.
The order book reached an amount of more than €820 million, and was more than 3 times oversubscribed. The ongoing success of Euronext’s debt issue highlights the continued confidence of investors in Euronext’s disciplined execution strategy, integration track record and solid credit profile.
The proceeds of the issue will be used to (i) pre-finance the acquisition of the outstanding shares of VP Securities, and (ii) for general corporate purposes in line with Euronext’s strategy.
ABN AMRO acted as sole Bookrunner.
Euronext is the leading pan-European exchange, covering Belgium, France, Ireland, The Netherlands, Norway, Portugal and the UK. With close to 1,500 listed issuers worth €3.3 trillion in market capitalisation as of end March 2020, Euronext has an unmatched blue chip franchise that includes 25 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, FX, Exchange Traded Funds, Warrants & Certificates, Bonds, Derivatives, Commodities and Indices. In addition to its main regulated market, Euronext also operates Euronext GrowthTM and Euronext AccessTM, simplifying access to listing for SMEs. Euronext also leverages its expertise in running markets by providing technology and managed services to third parties.
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