Montea bonds join European Capital Markets

PUBLISHED: Jun 05 2014 @ 18:10 | Comments (0) |

Listed on the Euronext

Euronext Group N.V., a wholly owned subsidiary of IntercontinentalExchange Group (NYSE:ICE), has announced the successful bond listing of Montea on its Brussels regulated market (Euronext Brussels).

Montea is a leading property investment company listed on Euronext Brussels (MONTBE) and Paris (MONTP) since 2006, specialising in logistics and semi-industrial property in the Benelux and France. As of 31/03/2014, Montea’s property portfolio represented total floor space of 619,093 m², spread across 37 locations.

The two bonds are admitted to listing on Euronext through a private placement with a total issued amount of € 30,000,000 reaching maturity on 28th of May 2021. The interest rate stands at 3.355%.

Bank Degroof and Belfius Bank are acting as joint lead managers on the transaction.

“We are pleased to welcome the Montea corporate bond issues on Euronext Brussels”, said Vincent Van Dessel, CEO of Euronext Brussels. “Bonds offer businesses an attractive source of additional funding that are both flexible and efficient, and we are convinced that our bond offering gives the necessary confidence to attract more investors.

Alain Baetens, Head of Listing at Euronext Brussels, added: “We are delighted to see Montea as regular user of the bond markets of Euronext. The private placement compartment of Euronext Brussels offers issuers a fast, efficient, cost effective way of raising money. The successful placement of Montea underscores the vital role capital markets can play in taking the strategy of companies, public or private, a step further.”

“Controlling the financial costs and diversifying its funding sources is very important to REITs”, says Peter Verlinde, CFO at Montea. “The fact that this second bond issue has been closed early, is an important signal of the faith investors have in Montea’s growth, and underlines the attractiveness of capital markets for our sector. ”

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