24 Apr EnterNext welcomes Trefi Finance bond
First bond issue through new initiative for flexible financing solutions for Dutch and Belgian markets
EnterNext, the Euronext subsidiary designed to promote and grow the market for SMEs, today welcomed the bond issue for Trefi Finance, an alternative financier of working capital for small and medium-sized enterprises. This is the first bond issue making use of EnterNext’s initiative specifically designed to simplify SMEs’ access to capital and provide a broader investor base for Belgian and Dutch family businesses and entrepreneurs that was launched last week.
The total nominal amount of the bond is EURO 5 million and is part of a larger, EURO 50 million senior secured bond programme. The bond issue is intended to provide more SMEs with capital in an accessible way. Trefi Finance will use the capital raised to purchase receivables of small and medium-sized enterprises, in order to strengthen their cash position. The bond has received a BBB rating from Creditreform Rating Agentur AG. Multi-asset class broker AFS Group served as listing sponsor for the bond issue.
Hein Kop, Director of Sales and Marketing of Trefi Finance said: ‘This bond issue is the first in a row, to raise capital to improve the financial position of the small and medium-sized enterprises in our country. This is highly important because we must not forget that these SMEs are the backbone of our economy.’
Read more: 4-traders
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