Semapa lists €150 million Bond on Euronext Lisbon

Initial offer was increased by 50% and orderbook was two times oversubscribed

Lisbon - 17 April 2014 – Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), today announcedthat Semapa listed its EUR 150 million bond issuing on Euronext Lisbon (ISIN PTSEMFOE0003), increasing the initial offering by 50%.

The initial offer of EUR 100m, totally oversubscribed on day one, increased by 50% to EUR 150million, underlining the interest shown by retail investors for this type of product. The interest rate of this issue is six month EURIBOR + 3,25%, with a five year maturity (2014-2019).

This is the 10^th Bond issuing listed on Euronext Lisbon this year, making a total of EUR 10 billion listed. Compared with the same period last year, this represents an increase on value of around 50%.

Semapa is a public company, with its head office in Lisbon and its shares were admitted to trading on the regulated Euronext Lisbon market. Semapa is one of Portugal’s largest industrial groups, with a workforce of more than 5,000 and a presence on several continents. More than three quarters of its turnover is generated on foreign markets. Its business activities consist of indirectly managing its holdings in three industrial areas: paper and pulp, through its holding in the Portucel Group; concretes and aggregates, through holdings in the Secil Group; and the environment, through its holding in the ETSA Group.

Bonds are a pivotal mechanism for creating and sustaining enterprises, business investment, and economic growth and are part of the broad spectrum of instruments listed within Euronext markets.

Euronext Lisbon has been advocating strongly for the development of the on-exchange Bond market, for corporate and non-corporate issuers, given the positive direct impact this can have on the economy, as was widely recognized during the financial crisis. Companies, government and investors have been using this market either to finance their projects or to invest their savings, and have benefited from the transparency and broad distribution of Euronext markets as an alternative to bank credit on one side, or deposits on the other.

The successful placement of the “Semapa 2014-2019” bonds and its high rate of demand, also provides an important example which can further incentivise other issuers and consolidate the development of a stronger Bond market in Portugal

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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 nearly 1,900 listed issuers and around €6.3 trillion in market capitalisation as of end September 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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