Euronext Launches Tender Offer for 2026 Bonds

Euronext N.V. announced today that it invites holders of its outstanding €600,000,000 0.125 per cent Bonds due 2026 (ISIN: DK0030485271) to tender all of their securities for cash as part of a new purchase offer. The entire €600,000,000 aggregate principal amount currently remains outstanding, and the firm aims to repurchase these Bonds while simultaneously preparing to issue a new series of euro-denominated fixed-rate bonds. 

Moreover, the firm stated that this dual approach will help it proactively manage the maturity profile of its debt in a more efficient and forward-looking manner. Holders can also take advantage of the opportunity to sell their existing Bonds and, if they choose, request priority in the allocation of the upcoming New Bonds. Euronext confirmed that it intends to redeem any remaining Bonds not purchased through the offer when they reach maturity in 2026. Furthermore, the firm will cancel all Bonds acquired through the transaction, ensuring that none of them return to the market through re-issuance or resale. 

Euronext Launches Tender Offer for 2026 Bonds

The offer includes a fixed cash purchase price set at 99.05 per cent of the principal amount for each Bond validly tendered and accepted. Euronext will also pay accrued interest on the purchased Bonds if it meets or waives the New Issue Condition by the Settlement Date.

The firm emphasized that once it satisfies the New Issue Condition and chooses to proceed, it will accept all validly tendered Bonds without applying any scaling, meaning it will include every Bond submitted for purchase in the Final Acceptance Amount. However, it also highlighted that the acceptance of any tendered Bonds remains entirely at its discretion, even if all conditions are fulfilled.

Euronext further reiterated that the purchase of the tendered Bonds depends largely on the successful issuance of the New Bonds, which remains subject to market conditions and the firm’s final approval. Nevertheless, the firm expressed confidence in its strategy and noted that the planned refinancing move aims to strengthen its financial structure while offering investors a seamless transition into its new bond issuance program.

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