DEME launches successful first bond issue on NYSE Alternext

Brussels, 14 February 2013 – NYSE Euronext (NYX) today announced a successful €200 million bond issue on NYSE Alternext by DEME, the Belgian dredging, environmental and marine engineering group. The company is the first issuer of bonds on NYSE Alternext in Brussels, a market designed for SMEs with more flexible listing requirements.

DEME has won a prominent position on the world market in a number of highly specialized and complex hydraulic disciplines. The Group can look back on nearly 150 years of experience in its core dredging and land reclamation activities and hydraulic engineering. Today, the company is active in over 90 different countries and has a permanent workforce of 4,200 dedicated people. DEME companies can rely on a dredging fleet consisting of 90 main vessels backed by a broad range of auxiliary equipment. In 2011 at Group level a turnover amounting to €1.766 billion was generated.

The bonds, issued by DEME on 6 years with a maturity date on 14 February 2019, have been entirely subscribed on the first day of the subscription period for the maximum amount of €200 million. Consequently, the subscription period has been closed early. The DEME bonds, priced at a nominal of €1000, will generate an annual interest of 4.145%. paid every 14 February starting next year.

“We are delighted with the success of DEME’s bond issue on NYSE Alternext. Our tailor-made market for small and mid-caps offers a solution suited to the needs of SMEs seeking capital,” said Alain Baetens, Head of Listings Belgium at NYSE Euronext Brussels.

“Especially for SMEs, the engine of our Belgian economy, it is vital to be able to raise capital for future growth. NYSE Euronext works closely on continuous improvement to fine-tune the structure of the bond offering and give greater visibility to issues by SMEs,”added Vincent Van Dessel, Chairman and CEO of NYSE Euronext Brussels.

BNP Paribas Fortis, ING Belgium and KBC Bank acted as joint lead managers for the issue of this bond. Belfius Bank, Econopolis and Bank Delen acted as co-lead managers.

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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 more than 1,900 listed issuers and around €7.1 trillion in market capitalisation as of end March 2024, 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.
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