Veolia: Refinancing of the Perp NC24 Hybrid Issue for €600 Million
13 Novembro 2023 - 5:17PM
Business Wire
Veolia has successfully issued €600 million in hybrid bonds
and announced the redemption of the Perp NC24 hybrid issue for the
same amount.
Regulatory News:
Veolia (Paris:VIE) took advantage of a very positive response to
its quarterly results published on 9 November and a favorable
market momentum to launch the early refinancing of a €600 million
hybrid bond due in January 2024. This transaction will take the
form of a 6% deeply subordinated perpetual hybrid notes in euros
issue, with a first reset date in February 2029.
The strong demand led to a sizable orderbook (up to €3.4
billion) which enabled Veolia to substantially improve the pricing
of the issuance, and reach a negative new issue concession compared
to the fair value priced by the secondary market.
The high level of oversubscription, the quality of the investors
and the very good terms obtained is a testimony of the very
positive perception of Veolia's credit rating and its financial
strength.
Following this transaction, Veolia's stock of hybrid debt
remains unchanged at €3.6 billion.
About Veolia
Veolia Group aims to become the benchmark company for ecological
transformation. Present on five continents with nearly 213,000
employees, the Group designs and deploys useful, practical
solutions for the management of water, waste and energy that are
contributing to a radical turnaround of the current situation.
Through its three complementary activities, Veolia helps to develop
access to resources, to preserve available resources and to renew
them. In 2022, the Veolia group provided 111 million inhabitants
with drinking water and 97 million with sanitation, produced 44
terawatt hours of energy and recovered 61 million tonnes of waste.
Veolia Environnement (Paris Euronext: VIE) achieved consolidated
revenue of 42 885 million euros in 2022. www.veolia.com
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version on businesswire.com: https://www.businesswire.com/news/home/20231113398504/en/
Media Relations Laurent Obadia - Evgeniya Mazalova Anna
Beaubatie - Aurélien Sarrosquy Tél : + 33 (0)1 85 57 86 25 Mail:
presse.groupe@veolia.com Investor Relations Ronald Wasylec -
Ariane de Lamaze Tél. : + 33 (0)1 85 57 84 76 / 84 80
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