SUCCESSFUL BOND TENDER OFFER AND NEW BOND ISSUANCE BY VEOLIA
1 april 2015
The Issuance was very well received by a diverse investor base (both in terms of investment profile and geography) and the issuance was oversubscribed by more than 7 times. This transaction allowed Veolia to issue debt at the lowest coupon rate in its history, profiting from extremely favorable interest rate and credit markets, on top of a very good appreciation of its credit quality.
This transaction, combined with the aforementioned tender offer, is part of the company’s strategy of active debt management and optimization of debt financing costs. The transaction allows Veolia to smooth its debt profile and increase the average maturity of debt, while reducing associated costs.
The final results of the Tender Offer will be announced as soon as possible, on or just before the settlement date. The settlement of the Tender Officer should be complete around April 8, 2015, subject to the fulfillment of conditions surrounding the Issuance. The settlement of the Issuance should occur on April 9, 2015.
Indicative results of the contractual tender offer announced by Natixis on March 31, 2015:
2019 Notes (ISIN: FR0010750489)
Final aggregate principal amount of 2019 Notes accepted: € 113,150,000
2019 Notes Tender Pro-Rating Factor: Not applicable
2019 Notes Accrued Interest: 6.45411%
2019 Notes Interpolated Mid-Swap Rate: 0.188%
2019 Notes Tender Price: 126.410%
2022 Notes (ISIN: FR0010474239)
2021 Notes (ISIN: FR0010918490)
Final aggregate principal amount of 2021 Notes accepted: € 196,050,000
2021 Notes Tender Pro-Rating Factor: Not applicable
2021 Notes Accrued Interest: 1.07048%
2021 Notes Interpolated Mid-Swap Rate: 0.308%
2021 Notes Tender Price: 122.085%
Final aggregate principal amount of 2022 Notes accepted: € 205,477,000
2022 Notes Tender Pro-Rating Factor: Not applicable
2022 Notes Accrued Interest: 4.47911%
2022 Notes Interpolated Mid-Swap Rate: 0.405%
2022 Notes Tender Price: 131.020%The distribution of this announcement in certain jurisdictions may be subject to specific regulations or may be restricted by regulations or law. This announcement is not for release, publication or distribution in the United States, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands), any state of the United States of America and the District of Columbia (the “United States”). This announcement does not constitute an offer to buy, or any solicitation of an offer to sell Notes in the United States or any other jurisdiction in which such offer or solicitation would be unlawful.
group is the global leader in optimized resource management. With over 179,000 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 2014, the Veolia group supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE)
recorded consolidated revenue of €24.4 billion* in 2014. www.veolia.com(*) 2014 pro-forma figures, including Dalkia International (100%) and excluding Dalkia France.
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