Belgium: DEME Bond Entirely Subscribed on First Day

Business & Finance

DEME Bond Entirely Subscribed on First Day

The bond, issued by DEME on 6 years with a maturity date on 14 February 2019, has been entirely subscribed on the first day of the subscription period for the maximum amount of 200,000,000 EUR.

Consequently, the subscription period has been closed early.

On 14 February 2013, the bonds will be issued and admitted for trading on Alternext Brussels.

About DEME NV

The Belgian dredging, environmental and marine engineering group DEME has won a prominent position on the world market in a number of highly specialized and complex hydraulic disciplines.

The DEME Group diversified from dredging operations and land reclamation to marine engineering solutions at sea, services to oil and gas companies, installation of offshore wind farms, environmental activities such as soil remediation, recycling of dredged materials and remediation of brownfields and wreck clearance.

The Group has become a global solutions provider and has one of the most modern, high-tech and versatile fleets for dredging and marine engineering. DEME employs more than 4,200 people.

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Press Release, January 27, 2012