Veolia Successfully Issues a 11-year Bond for EUR 500 Million
08 Janvier 2020 - 06:42PM
Business Wire
Regulatory News:
Veolia (Paris:VIE) took advantage of a constructive market
window to issue EUR 500 million bond with a January 2031 maturity.
This bond bears a coupon of 0.664 % and was issued at par.
The oversubscription ratio was close to 5, which enabled Veolia
to materially improve the issuing rate and achieve a final pricing
which was better than the secondary market.
The high oversubscription rate, the quality of the investors in
the order book, their good diversification (over 160 orders from
Europe and Asia) and the good conditions which were achieved are
signals of the significant appreciation of Veolia’s credit
quality.
The proceeds of this issuance will be used for Corporate General
Purposes, and in particular as an anticipation of the maturity of
some bonds happening at the end of 2020.
...
Veolia group is the global leader in optimized resource
management. With nearly 169 000 employees worldwide, the Group
designs and provides water, waste and energy management solutions
which contribute to the sustainable development of communities and
industries. Through its three complementary business activities,
Veolia helps to develop access to resources, preserve available
resources, and to replenish them. In 2017, the Veolia group
supplied 96 million people with drinking water and 62 million
people with wastewater service, produced nearly 55 million megawatt
hours of energy and converted 47 million metric tons of waste into
new materials and energy. Veolia Environnement (listed on Paris
Euronext: VIE) recorded consolidated revenue of €25.12 billion in
2017 (USD 30.1 billion). www.veolia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200108005736/en/
Veolia Group Media Relations Laurent Obadia - Sandrine
Guendoul Camille Maire Tel.+ 33 1 85 57 42 16
sandrine.guendoul@veolia.com
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