Euronext Amsterdam welcomes Rabobank Certificates

PUBLISHED: Jan 27 2014 @ 07:03 | Comments (0) |

The Amsterdam market of Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE:ICE), today saw the launch of trading in Rabobank Certificates (NYSE:RABO).

The Rabobank Certificates are deeply subordinated investment products that enable investors to participate in Rabobank, an international financial service provider operating on a cooperative basis. The certificates represent participations issued via the Stichting Administratie Kantoor Rabobank Certificaten by Rabobank Nederland. The purpose of the listing is to make the Rabobank certificates, which were previously traded monthly on an internal market as Rabobank member certificates, available to a broader group of investors with the ability to trade on every trading day.

A total of 237,961,365 Rabobank Certificates have been admitted to listing and trading on Euronext Amsterdam.

Cees Vermaas, CEO of Euronext Amsterdam, said: “We are pleased to welcome Rabobank Certificates to our exchange, reopening the capital markets in a year that promises to be a turning point. The listing of these hybrid products demonstrates how Euronext’s public capital market can help organisations like the Rabobank to achieve their objectives.”

Anne Louise van Lynden, Head of Listing at Euronext Amsterdam, added the following: “Euronext wants to support organisations with a cooperative nature by use of different instruments and following alternative routes. Therefore we are delighted that we are able to help the Rabobank provide certificate holders with greater liquidity. We look forward to many years of continued cooperation and to providing the bank with the support it needs to achieve its objectives.”

In honour of this special occasion, a number of long-standing members and Rabobank Certificate holders took part in the gong ceremony that marks the opening of Euronext’s European markets. The gong was sounded by Cor Martens (86) from Castricum, former administrator at Hoogovens, and by Bert Veldman (60) from De Bilt, formerly employed as a biochemist in the cooperative compound feed industry. Both have been visiting the anual certificates holders meeting many times since 2000.

For this reason they had the honour to open the trading day, also on behalf of the more than 125,000 Rabobank certificates holders. They were accompanied by among others Jaap Hazen, chairman of the managing board of the Stichting Administratiekantoor Rabobank Certificaten, the Euronext listing team, and Cees Vermaas, CEO of Euronext Amsterdam.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.