EnterNext announces the successful bond listing by Hamon on Euronext Brussels.
The Hamon Group is a world player in engineering and contracting (design, installation and project management). Its activities include the design, the manufacturing of critical components, the installation and the after-sale services of cooling systems, process heat exchangers, air pollution control systems, heat recovery steam generators and chimneys. The products are used in power generation, oil & gas and other heavy industries like metallurgy, glass, chemicals.
The bonds are listed through a private placement with a total nominal amount of € 55,000,000 reaching maturity on 30 January 2020. The interest rate stands at 5.50%.
“We are pleased to welcome the Hamon bond to 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 encourages investors to continue investing in the market.”
Alain Baetens, Head of Listings Belgium at Euronext Brussels, added: “We are delighted to welcome Hamon on our debt capital markets of Euronext. The successful private placement underscores the vital role capital markets can play in taking the strategy of Mid Cap companies like Hamon a step further, thereby providing for sound diversification of financial resources and managing its overall cost of capital.”
Christian Leclercq, CFO of Hamon Group, stated: "The successful placement of this bond will strengthen our long-term funding and support the organic growth of the group. It also shows the confidence of investors in Hamon group. "
To celebrate the listing of the new bonds, Francis Lambilliotte, CEO of Hamon Group, and Christophe Maréchal, Group Treasurer of Hamon, rang the bell to open trading on Euronext’s European market. They were accompanied by Vincent Van Dessel, CEO of Euronext Brussels, and Alain Baetens, Head of Listings Belgium of Euronext Brussels.
