Brussels-Capital Region’s first bond listed on Euronext Brussels

PUBLISHED: 08 Apr 2014 @ 20:04 | Comments (3) |

The interest rate stand at respectively 2.864% and 3.375%.

Euronext Group N.V., a wholly owned subsidiary of IntercontinentalExchange Group (NYSE:ICE), announces the successful bond listing by the Brussels-Capital Region on its Brussels market.

The Brussels-Capital Region is one of the three regions of Belgium. It covers the 19 municipalities of Brussels-Capital, and thus forms the core of the urban area of Brussels. The Brussels Region has a total area of 161km² and has 1,200,000 inhabitants.

The two bonds (Medium Term Notes) are admitted to listing on Euronext through a private placement with a total issued amount of € 35,000,000 reaching maturity respectively on the 7th of April 2029 and the 7th of April 2044. The interest rate stand at respectively 2.864% and 3.375%.

“We are pleased to welcome the Brussels-Capital Region’s bond issues on Euronext Brussels”, said Vincent Van Dessel, CEO of Euronext Brussels. “Bonds offer an attractive source of additional funding that are both flexible and efficient, and we are convinced that our bond offering encourages investors to continue investing in the market. The successful placement of the Brussels-Capital Region underscores the vital role capital markets can play in realising the strategic goals of all sorts of players”.

Alain Baetens, Head of Listings of Euronext Brussels: “We are delighted with the Brussels-Capital Region’s strong appreciation of our outstanding Bond Listing and Trading Offer for professionally managed institutions and companies. We look very much forward to a real partnership with the Brussels-Capital Region in bringing them the full benefits of raising funds through the capital markets”.

Guy Vanhengel, Minister of the Government of the Brussels-Capital Region, responsible for Finances, Budget, the Civil Service and Exterior Relations, commented: “This bell ceremony is an exceptional event for the Brussels-Capital Region. It is a recognition of our years of sustained debt management performance, and our excellent financial results. This is a signal that confidence in the Brussels bonds has reached a historic high”.

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