ENP Newswire - 25 August 2014
Release date- 22082014 - Enternext announced today the successful corporate bond listing by Sleuyter & Zonen BVBA on its Alternext Brussels market.
Sleuyter & Zonen BVBA buys and sells project land to be developed by Group Sleuyter. Sleuyter & Zonen BVBA is a 99.83% subsidiary of the Group Sleuyter Real Estate BVBA. Group Sleuyter Real Estate BVBA is the holding company of all the companies that are part of the Group Sleuyter. The core activity of Groep Sleuyter is the building and selling of real estate projects on the Belgian coast, with focus on the surroundings of Ostend. Its latest ambitious project is The White, a complementary urban neighbourhood within the city of Ostend.
The bond was admitted to listing on Alternext Brussels through a private placement with a total issued amount of EUR 10,000,000.00 reaching maturity on the 15 July 2020. The interest rate stands at 6,00%.
'The bond listing by Groep Sleuyter is great news for Euronext Brussels' said Vincent Van Dessel, CEO of Euronext Brussels,'The bond is a complementary source of finance for the issuer in seeking to optimize their funding base. We are delighted that more and more real estate companies are looking to us to bring their projects to fruition.'
Alain Baetens, Head of Listings at Euronext Brussels, added: 'Congratulations to Groep Sleuyter with their first bond issue and listing on our markets. We have developed an added value service offer for Mid & Small Caps willing to tap the bond markets through Private Placements listed on Alternext. It responds to their strategic objectives by diversifying the financial resources and raising visibility amongst a wider range of investors through a tailored market access. We are dedicated to further strengthen our partnership with the Mid & Small Caps to help them widening their capital raising channels.'
Franklin Sleuyter, CEO of Group Sleuyter Real Estate, added: 'We are excited about the bond issue which we celebrated here today at Euronext Brussels. The issue allows us to further diversify our financing sources, directly in line with the group's vision and growth. The capital raised will be used for The White, our new ambitious project in the city of Ostend.'
Today, to celebrate the introduction of the new bond, Franklin Sleuyter, CEO of Group Sleuyter Real Estate, rang the bell in Brussels to open the trading on Euronext's European markets. He was accompanied by Vincent Van Dessel, CEO of Euronext Brussels, and Alain Baetens, Head of Listings of Euronext Brussels.