Today Euronext, the leading pan-European exchange in the Eurozone with more than 1,300 listed issuers, launched a \u20ac500 million, 7-year inaugural bond issue, rated by S&P \u201cA\u201d, with an annual coupon of 1% and listed on Euronext Dublin From 27 March 2018, the Irish Stock Exchange plc will use the trading name Euronext Dublin to carry out its commercial activities. <\/p>\n
Legal name change will take place in due course, pending regulatory approval.. Euronext N.V. is rated \u201cA, stable outlook\u201d by S&P since 3 April 2018 Report available for information only at the following address: https:\/\/www.euronext.com\/fr\/investors\/debt-and-bond-investors .<\/p>\n
The order book reached an amount of more than \u20ac2.2bn, and was more than 4.4 times oversubscribed. The success of this transaction shows investors’ strong confidence in Euronext\u2019s ambitions, strategy and solid credit profile.<\/p>\n
The proceeds of the issue will be used to (i) refinance in whole the existing \u20ac165m 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.<\/p>\n
BNP Paribas and Cr\u00e9dit Agricole CIB acted as Joint Global Coordinators, and ABN AMRO, ING, MUFG and Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Corporate and Investment Banking acted as Joint bookrunners on the transaction.<\/p>\n
St\u00e9phane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext, said: The order book reached an amount of more than \u20ac2.2bn, and was more than 4.4 times oversubscribed. The success of this transaction shows investors’ strong confidence in Euronext\u2019s ambitions, strategy and solid credit profile.<\/p>\n","protected":false},"author":20,"featured_media":70729,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1856,1859,1671,1681,1651,1437,2103],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/70731"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=70731"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/70731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/70729"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=70731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=70731"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=70731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u201cThis inaugural \u20ac500 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\u2019 confidence in Euronext\u2019s strategy and ambitions\u201d.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"