Hanzevast has become the first issuer of bonds on NYSE Alternext in Amsterdam – the platform of NYSE Euronext that meets the needs of small and mid-sized companies seeking simplified access to the stock market.
Cees Vermaas, CEO of NYSE Euronext Amsterdam, says: "We are delighted to welcome Hanzevast on NYSE Alternext. Especially for SMEs, the engine of our Dutch economy, it is vital to be able to raise capital for future growth. Our platform NYSE Alternext can meet the companies’ financing needs. Where banks are currently cautious in lending, NYSE Alternext offers SMEs an excellent alternative to raise capital for further growth and expansion."
Niek Broeijer, general manager of Hanzevast Capital, says: "The current market sentiment calls for innovative ways to raise capital. The shipping bonds traded on NYSE Alternext are an excellent example of innovative financing. With this debt, we are able to continue offering interesting propositions on the equity side as well, including funds that use tax incentives. These schemes require a proper balance between equity and debt, while an attractive return for participants can be realized. An additional advantage of our listed bonds is that it is also an attractive product for institutional investors in their portfolio."
The issuer of the bonds is Vlootfonds Hanzevast 3- ms Hanze Göteborg NV. As of 14 October 2,650 subordinated bonds were listed at a price of EUR 1,000 per bond. Listing sponsor was SNS Securities. The listing enhances the marketability and liquidity of the bonds, which increases the attractiveness of the product. Hanzevast intends to get a second listing on NYSE Alternext Amsterdam in 2011 to list a similar bond.
