EnterNext welcomes Ghelamco Group to Alternext Brussels

Ghelamco Group’s Belgian subsidiary IRC lists corporate bonds

Brussels – 31 January 2014– EnterNext announces the listing of corporate bonds through private placement by International Real Estate Construction NV (IRC), the Belgian subsidiary of Ghelamco Group.

Ghelamco has been investing in the Belgian real estate market since 2005. Its steadily growing portfolio includes currently a mix of residential, commercial, office and other real estate projects in ideally situated locations throughout the regions of Brussels, Leuven, Ghent, Knokke and Kortrijk. Projects such as L-Park in Leuven and the Arteveldehogeschool Park with the Ghelamco Arena, the new home of first division football club AA Ghent are some of its prestigious projects.

As of today, the bonds are listed through a private placement reaching maturity on 28 February 2018 with a total issued amount of € 40,060,000. The interest rate stands at 6.25%.

“We are pleased to welcome the Ghelamco Group bond to Euronext Brussels”, said Vincent Van Dessel, CEO of Euronext Brussels. “This efficient and flexible bond offering is made possible thanks to the solid, transparent and orderly market place that Euronext constitutes.”

Alain Baetens, Head of Listings Belgium at Euronext Brussels, added: “We are delighted with the listing of Ghelamco Group’s Private Placement through her Belgian subsidiary International Real Estate Construction NV on Alternext. Its successful connection with the financial capital markets opens a further diversification of its financing source and raises its visibility in the investor community. The choice of Alternext offers a market access with fewer obligations making companies available to a wide range of investors.”

Philippe Pannier, CFO Ghelamco Group : We highly appreciated the professional advisory services of Alternext to list our bond program. This listing not only brings added value for our bondholders but also supports the Group’s further strategy in the financial markets.

KBC Securities NV and Belfius Bank NV acted as Joint Lead Managers with KBC Bank as Selling Agent.

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