Veolia Successfully Issues a 8-year Bond for Eur 700 Million
08 Avril 2020 - 1:00PM
Business Wire
Regulatory News:
In a context where financial markets (and especially credit
markets) experience high volatility, Veolia (Paris:VIE) took
advantage of a constructive market window to issue EUR 700 million
bond with a April 2028 maturity. This bond bears a coupon of 1.25 %
and was issued at par.
The transaction quickly generated strong interest from the
investor base and the size of the orderbook grew up to EUR 5.8
billion, which enabled Veolia to materially improve the issuing
rate and achieve a final pricing which was very close to the
secondary market.
The high oversubscription rate, the quality of the investors in
the order book, their good diversification (over 240 orders from
Europe and Asia) and the good conditions which were achieved are
signals of the significant appreciation of Veolia’s credit quality.
This transaction demonstrates Veolia’s ability to tap the financial
markets with very good and to strengthen its liquidity, even in
times of increased volatility and uncertainty about global
economy.
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 178 780 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 2019, the Veolia group supplied 98 million people with
drinking water and 67 million people with wastewater service,
produced nearly 41 million megawatt hours of energy and converted
50 million metric tons of waste into new materials and energy.
Veolia Environnement (listed on Paris Euronext: VIE) recorded
consolidated revenue of €27.19 billion in 2019 (USD 30 billion).
www.veolia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20200408005337/en/
Veolia Group Media Relations Laurent Obadia - Sandrine
Guendoul Camille Maire Tel.+ 33 1 85 57 42 16
sandrine.guendoul@veolia.com
Analysts & Investors Ronald Wasylec - Ariane de
Lamaze Tel. + 33 1 85 57 84 76 / 84 80
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