Euronext successfully launches a €1.8 billion bond issue, listed on Euronext Dublin
May 07 2021 - 1:45AM
Euronext successfully launches a €1.8 billion bond issue, listed on
Euronext Dublin
Contacts
Media |
Contact Investor Relations |
Amsterdam |
+31 20 721
4133 |
Brussels |
+32 2 620 15
50 |
+33 1 70 48 24
27 |
Dublin |
+353 1 617
4249 |
Lisbon |
+351 210 600
614 |
|
Milan |
+39 02 72 42 62
12 |
Oslo |
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|
Paris |
+33 1 70 48 24
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Euronext successfully launches a
€1.8 billion bond issue, listed
on Euronext Dublin
Amsterdam, Brussels, Dublin, Lisbon,
Milan, Oslo and Paris
– 07 May
2021 – Euronext, the leading pan-European market
infrastructure, has successfully priced a three-tranche senior bond
offering representing a total amount of €1.8bn.
The bonds will be admitted to trading on the
regulated market of Euronext Dublin as of 17 May 2021 and are rated
BBB by S&P. As well as on other electronic trading platforms,
the 5, 10 and 20-year bonds will be available for trading on the
MTS BondVision and MTS BondsPro venues, which are now part of the
Euronext product suite following the acquisition of Borsa Italiana
Group. The bonds will be settled through VP Securities, Euronext’s
Danish CSD.
The main features of the issue are as
follows:
-
Tranche 1: 5-year bond worth €600 million (maturing on 17 May
2026), with an annual coupon of 0.125% (ISIN: DK0030485271)
-
Tranche 2: 10-year bond worth €600 million (maturing on 17 May
2031), with an annual coupon of 0.750% (ISIN: DK0030486402)
-
Tranche 3: 20-year bond worth €600 million (maturing on 17 May
2041), with an annual coupon of 1.500% (ISIN: DK0030486592)
The final order book reached an amount of c. €5
billion and was more than 2.7 times oversubscribed. The success of
this transaction illustrates investors' strong confidence in
Euronext’s growth ambitions, strategy and solid credit profile.
The offering will allow Euronext to extend its
maturity profile and further diversify its debt investor base.
The net proceeds of the issue will be used to
partially refinance the acquisition of the Borsa Italiana Group,
completed on 29 April 2021 for a final consideration of €4,444
million.
Bank of America, Credit Agricole CIB, HSBC and
JP Morgan acted as Joint Global Coordinators, and ABN AMRO, BNPP,
IMI Intesa, Mediobanca, SGCIB, UniCredit and ING Securities acted
as Joint active bookrunners on the transaction.
Stéphane Boujnah, Chief Executive Officer and
Chairman of the Managing Board of Euronext said:
"We are delighted by the strong support seen
today on this €1.8 billion bond issue. This demonstrates the
confidence of our investors in our strategic acquisition of the
Borsa Italiana Group that creates the leading pan-European market
infrastructure. This bond, to be listed in Dublin, traded on MTS
venues and settled through VP Securities, in Denmark, is the proof
of concept of the Euronext federal model, which aims to strengthen
the backbone of the Capital Markets Union in Europe"
CONTACTS MEDIA –
mediateam@euronext.com |
Aurélie Cohen
(Europe/Paris) |
+33 1 70 48 24
45 |
parispressoffice@euronext.com |
ANALYSTS & INVESTORS –
ir@euronext.com |
Aurélie
Cohen |
+33 1 70 48 24
27 |
ir@euronext.com |
Clément
Kubiak |
+33 1 70 48 26
33 |
ckubiak@euronext.com |
About Euronext
Euronext is the leading pan-European market
infrastructure, connecting local 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 1,900 listed
issuers worth €5.6 trillion in market capitalisation as of end
March 2021, 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. 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. Euronext
provides custody and settlement services through central securities
depositories in Denmark, Italy, Norway and Portugal.
For the latest news, go to euronext.com or follow us on Twitter
(twitter.com/euronext) and LinkedIn (linkedin.com/euronext).
Disclaimer
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- 20210507_Euronext_Debt issue - Launch For Approval
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