Veolia Successfully Returns to the Hybrid Bond Market
14 Octobre 2020 - 11:26PM
Business Wire
Regulatory News:
Veolia’s (Paris:VIE) return to the hybrid bond market, which
it had not tapped since 2013, has been welcomed by investors, and
has enabled the Group to raise 2 billion euros at excellent
conditions. The large success of the transaction was confirmed by a
substantial order book of over 6 billion euros, coming from well
diversified quality investors (over 500 orders coming from 3
continents).
The proceeds of this issuance will be used to refinance the
purchase of 29.9 % stake in Suez from Engie that took place last
week. The issuance is split into two tranches of deeply
subordinated perpetual hybrid notes in euros:
- 850 million bearing a coupon of 2.25 % until its first reset
date in April 2026,
- 1150 million bearing a coupon of 2.50 % until its first reset
date in April 2029.
The strong commitment to the operation from investors once again
proves the strong support of the market to Veolia’s project of
combining forces with Suez in order to create the World Champion of
the Ecological Transformation.
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/20201014006003/en/
Veolia Group Media Relations Laurent Obadia - Sandrine
Guendoul 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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