Veolia to Repay Its Hybrid Debt
15 Mars 2018 - 8:00AM
Business Wire
Regulatory News:
Veolia (Paris:VIE) plans to notify investors of its intention to
redeem its deeply subordinated perpetual hybrid debt in Euros and
in Sterling issued in January 2013, for respective nominal amounts
of €1 billion and £400 million.
These instruments were issued to support the Group's
transformation, and were aimed at strengthening its financial
structure, being considered as 100 % equity in the IFRS
consolidated accounts and 50 % equity by the rating agencies1.
Thanks to the success of the Group’s transformation and the
improvement of its financial health, Veolia no longer needs these
instruments and can save the associated coupon of €68 million per
year, while maintaining an Investment Grade rating and significant
financial flexibility.
In 2017, Veolia took advantage of extremely favorable market
conditions to anticipate this repayment, which is expected to occur
on April 16, 2018.
.....
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This announcement does not constitute an offer or solicitation
in the United States, its territories and possessions, or in any
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.....
Veolia group is the global leader in optimized resource
management. With over 163 000 employees worldwide, the Group
designs and provides water, waste and energy management solutions
that 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 100 million people with
drinking water and 61 million people with wastewater service,
produced 44 million megawatt hours of energy and converted 45
million metric tons of waste into new materials and energy. Veolia
Environnement (listed on Paris Euronext: VIE) recorded consolidated
revenue of €25.13 billion in 2017. www.veolia.com
1 Moody’s and S&P. The latter removed the Equity Content in
May 2016, thanks to Veolia’s improved financial position, and
considered that Veolia did not need it anymore to maintain its
credit rating.
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VEOLIA ENVIRONNEMENTGroup Press RelationsLaurent
Obadia - Sandrine GuendoulStéphane Galfré – Marie BouvetTel.+ 33 1
85 57 42 16sandrine.guendoul@veolia.comorInvestors & Analyst
RelationsRonald Wasylec - Ariane de LamazeTel. + 33 1 85 57 84
76 / 84 80orTerri Anne Powers (USA)Tel. +1 630 218 1627
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