Euronext Launches Inaugural Convertible Bond Issue with White & Case's Guidance
Deal News | Jun 12, 2025 | White & Case LLP
Global law firm White & Case LLP has played a pivotal advisory role in Euronext N.V.'s inaugural issue of senior unsecured bonds, which are convertible into new shares and/or exchangeable for existing shares due in 2032. The bonds were issued for a nominal amount of €425 million. This transaction marks a significant milestone for Euronext, the leading European capital market infrastructure, as it seeks to enhance its capital strategy by connecting the economies of Europe with global capital through this convertible bond issuance. The syndicate of banks involved in this transaction was spearheaded by BNP Paribas and BofA Securities Europe, who acted as joint global coordinators. The White & Case team based in Paris comprised partner Tatiana Uskova, partners Olga Fedosova and Séverin Robillard, along with associate Eva Brunelli Brondex, who collectively advised on the structure and execution of the bond issuance, ensuring regulatory compliance and strategic alignment.
Sectors
- Financial Services
- Legal Services
- Capital Markets
Geography
- Europe – The article focuses on Euronext, a leading European capital market infrastructure, and the transaction involves European financial markets.
- France – The legal advisory team from White & Case LLP was based in Paris, France, indicating the geographical relevance.
Industry
- Financial Services – The issuance of convertible bonds and the involvement of a syndicate of banks and financial market infrastructure company Euronext marks the relevance of the financial services industry.
- Legal Services – White & Case LLP, a legal advisory firm, played a pivotal role in advising the banks on the transaction, highlighting the involvement of legal services in complex financial dealings.
- Capital Markets – Euronext N.V. as a leading capital market infrastructure is directly involved in capital markets through the issuance of bonds.
Financials
- 425 million – Nominal amount of the senior unsecured bonds issued by Euronext, convertible into new or exchangeable for existing shares.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Euronext N.V. | Target Company | Company | Euronext is the leading European capital market infrastructure company issuing the convertible bonds. |
| White & Case LLP | Legal Advisor | Company | Provided legal advisory services to the syndicate of banks for the bond issuance. |
| BNP Paribas | Joint Global Coordinator in syndicate of banks | Company | Leading the syndicate of banks for the bond issuance. |
| BofA Securities Europe | Joint Global Coordinator in syndicate of banks | Company | Assisting in leading the syndicate of banks for the transaction. |
| Tatiana Uskova | Partner | Person | Led the White & Case legal team advising on the transaction. |
| Olga Fedosova | Partner | Person | Part of the White & Case LLP legal team advising on the bond issuance. |
| Sverin Robillard | Partner | Person | Contributed to the legal advisory from White & Case LLP. |
| Eva Brunelli Brondex | Associate | Person | Played a supporting role in legal advisory for White & Case LLP. |