Investment Operations

Euroclear Expands Service Offering for European Equity Issuers

Brigitte Daurelle, CEO of ESES

Euroclear France said it had been appointed issuer CSD for two Spanish equities listed on Euronext trading venues via its Tech Hub initiative. Euronext Tech Hub aims at helping Tech companies across Europe to raise funding on capital markets.

These equity admissions are a milestone for Euroclear France aligning to its strategy of broadening the scope of its issuer network across Europe.

Euroclear France said its ambition is to implement a pan European offering that allows corporate issuers to issue their equities through a single entry point and distribute efficiently. The solution is already available for Spanish and Italian issuers, with the next phase of the roll out to include German and Swiss.

Analysts say equity issuance in Europe is currently fragmented with issuers tending to use their domestic market provider to distribute securities, and Euroclear France’s solution will provide increased choice to issuers and will allow them to benefit from a wide range of Euroclear services, including enhanced shareholder transparency and asset servicing.

BNP Paribas Securities Services has been selected to act as share registrar and paying agent.

“These equity admissions are the first step in our goal to offer a single holistic service, allowing European issuers to use Euroclear as their entry point to access an international investor base,” said Brigitte Daurelle, CEO of ESES (Euroclear France, Euroclear Belgium and Euroclear Nederland). “As a market infrastructure, this service offering complements our role of supporting the European trading platforms and issuers in their desire to achieve increased international access,” added Daurelle.