Brussels and Luxemburg, 17 June 2021 - Euroclear Investments SA, a group holding company, today announces that it has successfully completed the launch of a new corporate hybrid bond.
The €350 million, 30-year issuance has a first call date at year 10 and is rated A+/A by Fitch and Standard and Poor's. As an issuer, Euroclear Investments SA is rated AA-/AA.
The transaction, which is the first by Euroclear Investments since 2018, generated strong demand and was more than nine times oversubscribed. Placement was made across a broad range of qualified investors. The coupon was priced at 1.375%.
The subordinated funding will be used to finance a material portion of the acquisition of MFEX, a global funds platform. The proceeds will be down-streamed to Euroclear SA/NV as Tier1 regulatory capital instruments.
JPMorgan acted as sole structuring agent and global coordinator for the transaction, and was joint lead manager alongside HSBC and Morgan Stanley.