Brussels – 18 June 2014 – EnterNext announces the successful corporate bond listing by Home Invest Belgium on its Euronext Brussels regulated market.
Home Invest Belgium is a residential Sicafi, created in June 1999 and listed on the continuous market of Euronext Brussels. On 31st March 2014, the total market capitalisation of Home Invest Belgium amounted to € 241 million, its operating portfolio consisted of 74 buildings on 43 sites with a total surface area of +/- 143 578 m² and a fair value of the investment properties of € 286 million, excluding development projects and properties for sale. On 16th June 2014 Home Invest Belgium will celebrate its 15 years of existence.
The bond was admitted to listing on Euronext Brussels through a private placement with a total issued amount of € 40,000,000 reaching maturity on 18th of June 2024. The interest rate stands at 3.379%.
“We are pleased to welcome the Home Invest Belgium bond issue on Euronext Brussels”, said Vincent Van Dessel, CEO of Euronext Brussels. “Bonds are a complementary source of finance for issuers seeking to optimize their funding base and reach out to a new range of investors. We are delighted that more and more companies understand the benefits of our corporate bonds offer.”
Alain Baetens, Head of Listings at Euronext Brussels, added: “We applaud the successful first Bond Private Placement of Home Invest Belgium and its admission to listing on Euronext Brussels. It’s a proof of strong confidence in the benefits financial markets can bring in terms of financial resources diversification and maturity adjustments. Home Invest Belgium will benefit from access to a larger pool of investors and with full assistance of the EnterNext teams.”
Sophie Lambrighs, CEO of Home Invest Belgium, commented: “With this transaction, we enter a new era in our financing strategy. The net proceeds of the issue will be used to further finance the growth of the portfolio of Home Invest Belgium as well as to increase the diversification of the financing sources. Thanks to a maturity of 10 years, these bonds enable Home Invest Belgium to significantly increase the average life time of the global debt of Home Invest Belgium, and this at favorable financial conditions.”
Today, to celebrate the introduction of the new bond, Sophie Lambrighs, CEO of Home Invest Belgium, rang the bell in Brussels to open the trading on Euronext’s European markets. She was accompanied by Vincent Van Dessel, CEO of Euronext Brussels, and Alain Baetens, Head of Listings of Euronext Brussels.