Successful completion of Euroclear Investments SA €600 million 10-year bond issue
Not for distribution (directly or indirectly) in the United States. This press release does not constitute an offer in the United States or in any other jurisdiction. The securities have not been and will not be registered under the U.S Securities Act.
Amount: EUR 600 million
Format: Fixed Rate Notes
Coupon: 1.125 %
Settlement: 7 December, 2016
Final maturity: 7 December, 2026
ISIN Code: XS1529559525
Brussels, London and Luxemburg, 5 December 2016 – Euroclear Investments SA, today announces that it has set the terms of a new, Euro-denominated bond issue.
The new senior, unsecured bond, which is rated AA/AA- by Fitch and Standard and Poor’s, respectively, is issued by Euroclear Investments SA, a holding company with identical credit ratings. The transaction was completed successfully and was oversubscribed by nearly four times.
The net proceeds of the transaction will be used for general corporate purposes.
Placement was made across a broad range of qualified investors across Europe.
An application has been made for the bonds to be admitted to trading on Euronext Amsterdam and their settlement is expected by 7 December 2016.
Société Générale CIB, Citi and J.P. Morgan were joint lead managers of this new bond issue.
This press release has been prepared solely for informational purposes. This press release is not an offer, recommendation or solicitation to buy or sell securities, nor shall there be any offer, solicitation, or sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification of such securities under the securities to the registration or qualification of such securities under the securities laws of any such jurisdiction.
The securities have not been and will not be registered with the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States of America or to, or for the account or benefit of, U.S persons unless the securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.
A rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by the assigning rating organisation. Similar ratings for different types of issuers and on different types of notes do not necessarily mean the same thing. The significance of each rating should be analysed independently from any other rating.
This press release is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council (as amended by Directive 2010/73/EU) (the “Prospectus Directive”), as implemented in each Member State of the European Economic area. A prospectus will be prepared and made available to the public in compliance with the Prospectus Directive as part of admitting the securities to trading on the Euronext regulated market in Amsterdam.
The securities are the subject of a private placement in France with (i) persons providing investment services relating to portfolio management for the account of third parties (personnes fournissant le service de gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés), other than individuals acting for their own account, as defined in, and in accordance with Articles L.411-1, L.411-2 and D.411-1 of the French Code monétaire et financier.
This press release may be sent to persons located in the United Kingdom only under circumstances in which section 21(1) of the Financial Services and Markets Act 2000 does not apply.
Note to editors
Euroclear group is the financial industry’s trusted provider of post trade services. At the core, the group provides settlement, safe-keeping and servicing of domestic and cross-border securities for bonds, equities and derivatives to investment funds. Euroclear is a proven, resilient capital market infrastructure committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise.
The Euroclear group includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland. The Euroclear group settled the equivalent of EUR 675 trillion in securities transactions in 2015, representing 191 million domestic and cross-border transactions. In the first half of 2016, the group held EUR 27 trillion in assets for clients.