New SME bond listed on NYSE Alternext in Amsterdam
Today NYSE Euronext welcomes the 8% CE Credit Management B.V. bond on NYSE Alternext, the platform of NYSE Euronext that meets the needs of companies seeking simplified access to the capital market. NYSE Alternext also offers alternative means of financing to smaller companies.
CE Credit Management is the manager of acquired portfolios of consumer receivables. The company was established by Credit Exchange B.V. which also manages the collection of the receivables. This listing provides definitive access to funding in order to finance the company’s growth.
Credit Exchange is an established credit management specialist with (through its subsidiaries) with over 15 years of experience. The relationship between CE Credit Management and Credit Exchange is based on a Service Level Agreement, where Credit Exchange has been appointed as executor of the collection process.
The bond, with an initial subscription amount of EUR 2.5 million is listed today. The final closing of the bond issue is set for June 29 2012. Listing sponsor is Keijser Capital.
Cees Vermaas, CEO of NYSE Euronext Amsterdam said: “We’re pleased with CE Credit Management’s bond listing today. For SMEs, the engine of our Dutch economy, it is vital to be able to raise capital for future growth and expansion. Our platform NYSE Alternext offers SMEs a strong alternative to meet the company’s financing needs.”
Anne Louise van Lynden van Sandenburg, Head of Listings Netherlands of NYSE Euronext said: “We’re happy to welcome CE Credit Management to our market and are confident to welcome more SME companies in the future in their search for capital. “
Kees Klaassen, CEO of Credit Exchange (services) said: “We are delighted with the listing of the SME bond on NYSE Alternext. With the bonds issued by Keijser Capital, in addition to our bank lines, we have found an attractive way of funding for growth. This bond allows us to achieve our future growth ambitions.”