Euronext launches inaugural €500 million bond issue
OREANDA-NEWS. April 12, 2018. 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. Euronext N.V. is rated “A, stable outlook” by S&P since 3 April 2018.
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 Credit Agricole CIB acted as Joint Global Coordinators, and ABN AMRO, ING, MUFG and Soci?t? G?n?rale Corporate and Investment Banking acted as Joint bookrunners on the transaction.