Veolia Successfully Issues a 11-year Bond for EUR 500 Million

PARIS--()--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

Contacts

Veolia Group Media Relations
Laurent Obadia - Sandrine Guendoul
Camille Maire
Tel.+ 33 1 85 57 42 16
sandrine.guendoul@veolia.com

Release Summary

Veolia successfully issues a 11-year bond for EUR 500 million.

Contacts

Veolia Group Media Relations
Laurent Obadia - Sandrine Guendoul
Camille Maire
Tel.+ 33 1 85 57 42 16
sandrine.guendoul@veolia.com