Lisbon News Bites

IPO Day in Viseu

The city of Viseu takes pride in being the birthplace of Viriato, a Lusitanian shepherd-warrior who fiercely resisted the Roman legions in 147-139 BC. This audacious spirit was in all minds last 27 and 28 October during the 2011 edition of IPO Day, a retreat that brought together 20 prospective companies in Viseu to hear NYSE Euronext and co-sponsors Ernst & Young, IAPMEI and the Pedro Raposo law firm present concepts and rationales for IPOs.

Also attending were listed companies (Cimpor), regulators, corporate associations and listing sponsors.

IPO Day in Viseu

A full house during the IPO Day in Viseu.

Launch of the Portuguese Advisory Committee

On 12 October 2011, NYSE Euronext in Lisbon welcomed thirteen listed companies1 to the founding meeting of ISAC (Issuers’ Senior Advisory Committee). The goal of this new committee is to deepen relationships within the listed community. During the meeting, NYSE Euronext presented the ongoing NYSE Euronext/Deutsche Börse combination, its advocacy role and MIFID II. A debate on short selling closed the session. The next meeting will take place during the first half of 2012.

1Equities listed included BES, Brisa, EDP, Galp, Glintt, Impresa, Martifer, Porto SAD, Portugal Telecom, REN  and Zon. CGD and REFER, which have listed bonds, also attended the meeting.

Launch of the Portuguese Advisory Committee

Participants at Lisbon’s ISAC meeting last October.

Two public offers late November

Late November was a busy time for the Portuguese financial services community. Two public offers closed within two business days. The first was a multi-layered exchange offer by BES, aiming to trade outstanding notes for newly issued stock or bonds. Immediately afterwards was an EDP €200 million bond issue directed at retail investors. Both deals were very well received by investors. NYSE Euronext in Lisbon processed both offers on its centralization service and announced results during special ceremonies.

Two public offers late November

NYSE Euronext’s Miguel Geraldes and Luís Laginha (left) watch as EDP’s CFO Nuno Alves and CEO António Mexia ring the Lisbon Bell.

Significant capital raises

  • Inapa: €54 million in October 2011
  • Banco Santander: €17 million in October 2011
  • Banco Santander: €63 million in November 2011
  • ESFG: €272 million in November 2011
  • BES: €530 million in December 2011

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pwilton@nyx.com

Paula Cunha (Account Manager)

Tel. +351 (0)21 790-0034

pcunha@nyx.com

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