EuropeanIssuers Welcomes a New Member: european primary placement facility
EuropeanIssuers, representing the interests of publicly quoted companies across Europe, is pleased to announce that the european primary placement facility (eppf) has joined as a member following the approval of EuropeanIssuers Board of Directors on 15 May 2020.
EuropeanIssuers Chairman, Mr Luc Vansteenkiste welcomed eppf and stated: “We are extremely pleased to welcome eppf as a new member of EuropeanIssuers. eppf’s membership and its expertise in digitalising financial services will contribute to our efforts of ensuring a better access to finance for European corporates.”
eppf was founded in 2015 and is based in Luxembourg. It was born as an initiative to create a harmonised European debt capital market. It focuses on harmonising the documentation to ease the work of corporates in accessing capital markets, as part of the long-term goal of transitioning from a bank finance-based economy to capital-based economy. The digital platform of eppf operates on a data room where all issuers’ information are stored, accessible to investors. The system is automated and centralised meaning each party involved in the bond issuance, works on the same system in real-time. It reduces the entry barriers for corporates to the capital markets and helps overall reducing the bank dependency in Europe. eppf’s pan-European digital platform improves transparency and keeps the financial information up to date for investors.
eppf’s Executive Chairman Mr Robert Koller highlighted the value of eppf’s membership to EuropeanIssuers: “It is a pleasure to be the first Luxembourg member of such an important stakeholder group in Europe and to join forces on making the capital markets union a reality. In times like these, as financial sector professionals we can’t create vaccines, but we can help to alleviate the economic fall-out for individuals, for companies and for countries and keep the burden sustainable.”
eppf is independent; neutral to banks, investors, borrowers, rating agencies and law firms. It holds a license as securitisation vehicle and is regulated by the ‘Commission de Surveillance du Secteur Financier’ in Luxembourg.