Veolia is pursuing its strategy of improving its credit profile within a dynamic debt management framework. The group has strengthened its financial structure through secure and optimized financing, extending the average maturity of net financial debt. | | **Short term** | **Long Term Senior Unsecured** | **Long Term Junior Subordinated** | **Outlook** | **Update** | |---|---|---|---|---|---| | Moody's | P-2 | Baa1 | Baa3 | Stable | May 4th 2026 | | Standard and Poor's | A-2 | BBB | BB+ | Stable | April 27th 2026 | Reports of rating agencies [PDF Moody's Credit Opinion - Veolia Environnement SA - May 2026 (817.26 KB) ](/sites/g/files/dvc4206/files/document/2026/05/Credit_Opinion-Veolia-Environnement-SA-04May2026.pdf) [PDF Standard & Poor's Ratings Direct - Veolia Environnement SA - April 2026 (184.44 KB) ](/sites/g/files/dvc4206/files/document/2026/04/RatingsDirect_TearSheet_VeoliaEnvironnementS.A._3552186_Apr-27-2026.pdf) [PDF Moody's Credit Opinion - Veolia Environnement SA - December 2025 (839.43 KB) ](/sites/g/files/dvc4206/files/document/2025/12/Credit_Opinion_Veolia-Environnement-2Dec2025.pdf) [PDF Standard & Poor's Ratings Direct - Veolia Environnement SA - November 2025 (222 KB) ](/sites/g/files/dvc4206/files/document/2025/12/RatingsDirect_Update_VeoliaEnvironnementS.A._3485780_Nov-25-2025.pdf) [PDF Moody's Credit Opinion - Veolia Environnement SA - April 2025 (435.17 KB) ](/sites/g/files/dvc4206/files/document/2025/04/Credit_Opinion_moodys_Veolia-Environnement-SA_22Apr2025.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement SA - March 2025 (339.89 KB) ](/sites/g/files/dvc4206/files/document/2025/04/Finance_Standard_%26_Poors_Ratings_Direct_Veolia_Environnement_SA_Mars_2025_03-04-25.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement - April 2024 (409.45 KB) ](/sites/g/files/dvc4206/files/document/2024/04/S%26P_Apr-04-2024_0.PDF) [PDF Moody's Credit Opinion - Veolia Environnement SA - April 2024 (1.44 MB) ](/sites/g/files/dvc4206/files/document/2024/04/Moodys-Ratings-affirms-Veolias-10Apr2024_0.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environment - April 2023 (243.13 KB) ](/sites/g/files/dvc4206/files/document/2023/04/S%26P_Apr-20-2023.PDF) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - February 2022 (138.89 KB) ](/sites/g/files/dvc4206/files/document/2022/02/Standard%20%26%20Poors%20ratings%20Veolia%202022-02.PDF) [PDF Moody's Credit Opinion - Veolia Environnement SA - January 11th 2022 (1.16 MB) ](/sites/g/files/dvc4206/files/document/2022/02/Moodys%20-%20Issuer%20comment%20Veolia%202022-01-11.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - September 2021 (120.39 KB) ](/sites/g/files/dvc4206/files/document/2022/02/Standard%20%26%20Poors%20ratings%20Veolia%202021-09.PDF) [PDF Moody's Credit Opinion - Veolia Environment SA - Update following rating affirmation - August 16th 2021 (1.39 MB) ](/sites/g/files/dvc4206/files/document/2021/08/Finance_Moodys%20Credit%20opinion%20update%20rating%20affirmation%20Veolia.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - July 2021 (791.63 KB) ](/sites/g/files/dvc4206/files/document/2021/07/Standard%20%26%20Poor%27s%20ratings%20direct%20Veolia%20SA%20on%20July%2019th%202021.PDF) [PDF Moody's affirms Veolia Environnement's Baa1 issuer rating; stable outlook (114.91 KB) ](/sites/g/files/dvc4206/files/document/2021/07/Moody%27s%20affirms%20Veolia%20Environnement%27s%20Baa1%20issuer%20rating%20stable%20outlook%20on%20July%209th%202021.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - April 15th 2021 (1.39 MB) ](/sites/g/files/dvc4206/files/document/2021/04/2021%20Credit%20Opinion%20-%2015Apr21%20-%20Moody%27s.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - March 2021 - How Veolia's Bid For Suez May Transform Its Credit Profile (858.83 KB) ](/sites/g/files/dvc4206/files/document/2021/03/Finance_S%26PGlobal_march%202021_VeoliasbidonSuez.PDF) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. Post-results - February 2021 (120.68 KB) ](/sites/g/files/dvc4206/files/document/2021/03/S%26P_Bulletin_Feb2021%20-%20post%202020%20results.PDF) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - February 2021 (384.76 KB) ](/sites/g/files/dvc4206/files/document/2021/02/Standard%20%26%20Poors%20Ratings%20Veolia%20February%202021_0.PDF) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. Hybrid - October 2020 (123.8 KB) ](/sites/g/files/dvc4206/files/document/2021/03/S%26P%20-%20Veolia%20Environnement%20S.A._Hybride%20Oct%202020%20%281%29.PDF) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - October 2020 (121.76 KB) ](/sites/g/files/dvc4206/files/document/2021/03/S%26P_Bulletin%20post%20rachat%20bloc%20Engie%20Oct2020.PDF) [PDF Moody's: Ratings Direct Veolia Environnement SA - October 2020 (121.78 KB) ](/sites/g/files/dvc4206/files/document/2021/03/Moodys_Oct2020.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - September 2020 (137.17 KB) ](/sites/g/files/dvc4206/files/document/2021/03/S%26P%20-%20Research%20update%20Sonate_Sep2020.PDF) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - June 2020 (1.23 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_RatingsDirect_VeoliaEnvironnementSA_45100093_Jun-10-2020.PDF) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - May 2020 (1.31 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_Moodys-May2020.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - Feb 2020 (1.3 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_Moodys_Fev_2020.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - June 2019 (1.28 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_Moodys-Credit_opinion_June2019.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - Jan 2019 (en anglais) (957.66 KB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_SP-Credit_opinion_Jan2019.PDF) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - Nov 2018 (1.35 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_2018_11_01-Moody_s_Credit_Opinion_Veolia.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - June 2018 (1.35 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_2018_06_22-Moody_s-Credit_Opinion_Veolia.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - Dec 2017 (1.26 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_2017-Dec_5-Veolia-CO-Moody_s.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - June 2017 (1.2 MB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_Veolia_CO_1Jun17.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - June 2017 (861.68 KB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_Veolia_Environnement_Full_Analysis_June_2_2017.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - Nov 2016 (1.41 MB) ](/sites/g/files/dvc4206/files/document/2017/05/Veolia-CO-17Nov16.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - Nov 2016 (338.54 KB) ](/sites/g/files/dvc4206/files/document/2017/05/RatingsDirect_Analysis_1758325_Nov-17-2016_11_35.pdf) [PDF Moody's: Credit Opinion: Veolia Environnement S.A. - Juin 2016 (1.44 MB) ](/sites/g/files/dvc4206/files/document/2017/05/2016-Jun-3-Moodys-CO-Veolia-Environnement-SA.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - Mai 2016 (286.16 KB) ](/sites/g/files/dvc4206/files/document/2017/05/RatingsDirect_Research_Update_1644223_May-26-2016_11_42.pdf) [PDF Standard & Poor's: Ratings Direct Veolia Environnement S.A. - Mai 2015 (264.47 KB) ](/sites/g/files/dvc4206/files/document/2017/05/SP_May_2015.pdf) Bond prospectus [PDF Supplement 2 dated 25 August 2026 to the EMTN Base Prospectus dated 30 March 2026 (377.82 KB) ](/sites/g/files/dvc4206/files/document/2026/08/Veolia_2nd_supplement_to_2026_base_prospectus_2026-08-25.pdf) [PDF Supplement 1 dated 10 June 2026 to the EMTN Base Prospectus dated 30 March 2026 (553.74 KB) ](/sites/g/files/dvc4206/files/document/2026/06/Finance_Veolia_1st_supplement_base_prospectus_06-2026.pdf) [PDF EMTN Base Prospectus dated 30 March 2026 (2.28 MB) ](/sites/g/files/dvc4206/files/document/2026/03/Finance_Veolia_Environnement_base_prospectus_EMTN_update_03-30-2026.pdf) [PDF Supplement 4 dated 11 December 2025 to the EMTN Base Prospectus dated 28 March 2025 (454.38 KB) ](/sites/g/files/dvc4206/files/document/2025/12/Finance_VE_4th_Supplement_to_2025_base_prospectus.pdf) [PDF Supplement 3 dated 14 November 2025 to the EMTN Base Prospectus dated 28 March 2025 (533.81 KB) ](/sites/g/files/dvc4206/files/document/2025/11/VE-3rd_Supplement_to_the_2025_Base_Prospectus-version_finale_avec_numero_d_approbation%29.pdf) [PDF Supplement 2 dated 15 September 2025 to the EMTN Base Prospectus dated 28 March 2025 (409.47 KB) ](/sites/g/files/dvc4206/files/document/2025/09/Finance_VE_2nd_supplement_to_2025_base_prospectus.pdf) [PDF Supplement 1 dated 12 May 2025 to the EMTN Base Prospectus dated 28 March 2025 (561.4 KB) ](/sites/g/files/dvc4206/files/document/2025/05/Finance_VE_1st_Supplement_to_the_2025_Base%20Prospectus.pdf) [PDF EMTN Base Prospectus dated 28 March 2025 (2.93 MB) ](/sites/g/files/dvc4206/files/document/2025/03/Veolia_Environnement_2025_Base%20Prospectus.pdf) [PDF Supplement 1 dated 27 November 2024 to the EMTN Base Prospectus dated 29 August 2024 (587.42 KB) ](/sites/g/files/dvc4206/files/document/2024/11/Finance_1st_Supplement_to_the_2024_Base_Prospectus_11-27-24.pdf) [PDF EMTN Program Base Prospectus dated 29 August 2024 (1.02 MB) ](/sites/g/files/dvc4206/files/document/2024/08/Finance_Veolia_base_prospectus_2024_update.pdf) [PDF Supplement no. 3 dated 30 April 2024 to the Base Prospectus dated 16 May 2023 (721.36 KB) ](/sites/g/files/dvc4206/files/document/2024/04/Supplement%20no.%203%20dated%2030%20April%202024%20to%20the%20Base%20Prospectus.pdf) [PDF Supplement 2 to the EMTN Base Prospectus dated November 10th 2023 (804.03 KB) ](/sites/g/files/dvc4206/files/document/2023/11/Finance_VE_2nd_supplement_to_the_base_prospectus_11-10-2023.pdf) [PDF Supplement no. 1 dated 25 August 2023 to the Base Prospectus dated 16 May 2023 (179.79 KB) ](/sites/g/files/dvc4206/files/document/2023/08/1st_Supplement_to_the_2023_Base_Prospectus.PDF) [PDF EMTN Program Base Prospectus dated May 16th 2023 (1008.76 KB) ](/sites/g/files/dvc4206/files/document/2023/05/Finance_EMTN_update_2023.PDF) [PDF Supplement no. 1 dated 28 October 2022 to the Base Prospectus dated 10 June 2022 (312.47 KB) ](/sites/g/files/dvc4206/files/document/2022/10/VE%20-%201st%20Supplement%20to%20the%202022%20Base%20Prospectus%20%28v.final%20w.%20approval%20number%29.PDF) [PDF Base prospectus 2022 EMTN June 10th 2022 (901.43 KB) ](/sites/g/files/dvc4206/files/document/2022/10/Veolia_base_prospectus_june_2022.PDF) [PDF Base Prospectus dated December 10th 2021 EMTN (1006.73 KB) ](/sites/g/files/dvc4206/files/document/2021/12/Veolia%20-%202021%20Update%20-%20Base%20Prospectus.PDF) [PDF Prospectus dated November 10th 2021 - €500,000,000 Undated Non-Call 6.25 Year Deeply Subordinated Fixed Rate Resettable Notes (714.53 KB) ](/sites/g/files/dvc4206/files/document/2021/11/Finance_Veolia%20Final%20Prospectus_Hybrid.PDF) [PDF Supplement no. 2 dated 18 May 2021 to the Base Prospectus dated 17 September 2020, as supplemented by a first supplement dated 8 January 2021 (1.22 MB) ](/sites/g/files/dvc4206/files/document/2021/05/VE%20-%202nd%20Supplement%20to%20the%202020%20Base%20Prospectus%20%28VF%20avec%20num%C3%A9ro%20d_approbation%29.pdf) [PDF First supplement to the base prospectus dated 8 January 2021 (541.43 KB) ](/sites/g/files/dvc4206/files/document/2021/01/Finance_VE-1st%20Supplement_to_the_2020_Base_Prospectus.PDF) [PDF Release of the first supplement to the base prospectus of the “Euro Medium Term Notes” programme (105.88 KB) ](/sites/g/files/dvc4206/files/document/2021/01/Finance_CP_Suppl_No1_EMTN_Jan_2021_EN.pdf) [PDF VEOLIA ENVIRONNEMENT - Prospectus dated16 October 2020 (en anglais) (1.42 MB) ](/sites/g/files/dvc4206/files/document/2020/10/Finance_Veolia_Environnement-Prospectus-16_10_2020.PDF) [PDF EMTN base prospectus dated 17 September 2020 (1.74 MB) ](/sites/g/files/dvc4206/files/document/2020/09/Finance_VEOLIA-2020_EMTN_Programme_Base_Prospectus.PDF) [PDF Release of a base prospectus - Annual update of the “Euro Medium Term Notes” program (110.57 KB) ](/sites/g/files/dvc4206/files/document/2020/09/Finance_VEOLIA_PR_18sept20_2020_EMTN_Program_Annual_update.pdf) [PDF Sixth supplement to the base prospectus dated 2 June 2020 (694.14 KB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_VE-6eme_suppl%C3%A9ment_au_BP_2019.pdf) [PDF Release of the sixth supplement to the base prospectus of the “Euro Medium Term Notes” programme (105.44 KB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_PR_Suppl_No-6_EMTN_Avril_2020_EN.pdf) [PDF Fifth supplement to the base prospectus dated 6 April 2020 (404.92 KB) ](/sites/g/files/dvc4206/files/document/2020/04/Finance_VE-5eme_supplement_BP_2019_VF_avec_visa.pdf) [PDF Release of the fifth supplement to the base prospectus of the “Euro Medium Term Notes” programme (104.54 KB) ](/sites/g/files/dvc4206/files/document/2020/04/Finance_PR_Suppl_No5_EMTN_Avril_2020_EN.pdf) [PDF VEOLIA ENVIRONNEMENT - Programme EMTN 2019 - Avis rectificatif concernant le supplément n°4 en date du 23 mars 2020 au prospectus de base en date du 25 juin 2019 (in french) (70.06 KB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_PAR_20200611_07160_EUR.pdf) [PDF Fourth supplement to the base prospectus dated 23 March 2020 (655.74 KB) ](/sites/g/files/dvc4206/files/document/2020/03/Finance_VE-4e_Suppl%C3%A9ment_to_the_2019_BP_VF_avec_visa.pdf) [PDF Release of the fourth supplement to the base prospectus of the “Euro Medium Term Notes” programme (122.39 KB) ](/sites/g/files/dvc4206/files/document/2020/03/Finance_VEOLIA_PR_Suppl_No4_EMTN_Mars_2020_EN.pdf) [PDF Final Terms EMTN dated 15 January 2020 (230.7 KB) ](/sites/g/files/dvc4206/files/document/2020/01/PA-24219662-v1-Veolia_Starfish-Final_Terms_execution_version.pdf) [PDF Third supplement to the base prospectus dated 07 january 2020 (956.33 KB) ](/sites/g/files/dvc4206/files/document/2020/01/Finance_VEOLIA-3rd_supplement_to_the_2019_Base_Prospectus_v_fin_avec_visa-07012020.PDF) [PDF Release of the third supplement to the base prospectus of the “Euro Medium Term Notes” programme (124.36 KB) ](/sites/g/files/dvc4206/files/document/2020/01/Finance_CP_Suppl_No3_EMTN_Jan_2020_EN.pdf) [PDF Second supplement to the base prospectus dated 25 june 2019 (1.52 MB) ](/sites/g/files/dvc4206/files/document/2019/11/Finance-VEOLIA-2nd_supplement_to_the_2019_Base-Prospectus_with%20_visa.pdf) [PDF First supplement to the base prospectus dated 17 september 2019 (1.13 MB) ](/sites/g/files/dvc4206/files/document/2019/09/Finance_VEOLIA-1st-supplement-to-the-2019-Base-Prospectus.pdf) [PDF EMTN base prospectus dated 25 June 2019 (3.9 MB) ](/sites/g/files/dvc4206/files/document/2019/06/Finance-BP-2019-029800.pdf) [PDF Release of a base prospectus - Annual update of the “Euro Medium Term Notes” program (109.44 KB) ](/sites/g/files/dvc4206/files/document/2019/06/Finance_PR_ENG_26-06-2019_base-prospectus.pdf) [PDF Third supplement to the base prospectus dated 22 June 2018 (530.43 KB) ](/sites/g/files/dvc4206/files/document/2019/01/Finance_VE-Third-Supplement-to-the-2018-BP-VF-avec-visa.pdf) [PDF Second supplement to the base prospectus dated 22 June 2018 (489.66 KB) ](/sites/g/files/dvc4206/files/document/2018/11/Finance_VE_-_Second_Supplement_to_the_2018_BP_-_VFinale_avec_visa.pdf) [PDF First supplement to the base prospectus dated 22 June 2018 (236.85 KB) ](/sites/g/files/dvc4206/files/document/2018/09/Finance_VE_-_First_Supplement_to_the_2018_BP_final.pdf) [PDF EMTN Base Prospectus dated 22 June 2018 (3.08 MB) ](/sites/g/files/dvc4206/files/document/2018/06/Veolia_Env_-_Update_2018_-_Base_Prospectus_avec_numero_de_visa_0.pdf) [PDF Veolia to repay its Hybrid Debt (91.07 KB) ](/sites/g/files/dvc4206/files/document/2018/03/PR_Kali_032018_EN.pdf) [PDF Supplement n°2 to the base prospectus of the EMTN programme dated 30 June 2017 (2.68 MB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_VE_-_Second_Supplement_to_the_2017_BP_-_v._finale_avec_visa_15112017_0.PDF) [PDF First supplement to the base prospectus of the EMTN programme dated 30 June 2017 (130.99 KB) ](/sites/g/files/dvc4206/files/document/2017/11/VE-First-Supplement-to-the-2017-BP-vfinale-avec-visa.pdf) [PDF EMTN base prospectus dated 30 June 2017​ (7.94 MB) ](/sites/g/files/dvc4206/files/document/2017/07/Veolia-Env-Base_Prospectus_2017.pdf) [PDF First supplement to the base prospectus of the EMTN programme dated September 27th, 2016 (718.83 KB) ](/sites/g/files/dvc4206/files/document/%5Bcurrent-date%3Acustom%3AY%5D/%5Bcurrent-date%3Acustom%3Am%5D/FINAL-VE-First-Supplement-to-the-2016-BP-17032017-avec-VISA.pdf) [PDF EMTN base prospectus dated 27 September 2016 (976.58 KB) ](/sites/g/files/dvc4206/files/document/2016/12/Veolia-Env-Base-Prospectus-2016-27-09-2016.pdf) [PDF First supplement to the base prospectus of the EMTN programme dated September 29th, 2015 (2.64 MB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_VE-Supplement-to-2015-BP-FINALE-avec-VISA.pdf) [PDF EMTN base prospectus dated 29 September 2015 (934.09 KB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_FINAL-Veolia%20Environnement-Base-Prospectus-2015-VISA.pdf) [PDF Second supplement to the EMTN base prospectus dated 3rd July 2014 (324.65 KB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_VE-2nd-Supplement-to-2014-BP-FINAL.pdf) [PDF First Supplement to the base prospectus dated 3rd July 2014 (2.09 MB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_VE-Supplement-to-2014-BP_20140116-Visa-AMF.pdf) [PDF EMTN base prospectus dated 3 July 2014 (6.49 MB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_Veolia_2014_EMTN_Base_Prospectus_final_version.PDF) [PDF Supplement to the base prospectus dated 16 July 2013 (213.8 KB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_Veolia-Environnement-Supplement-to-2013-BP_20131010.pdf) [PDF EMTN base prospectus dated 16 July 2013 (3.28 MB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_Veolia-EMTN-Update-2013-Base-Prospectus-visa.pdf) [PDF Prospectus for the issue of subordinated notes in Euros and Pound Sterling dated 14 January 2013 (493.12 KB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_Projet_Phoenix-Prospectus-visa.pdf) [PDF EMTN base prospectus dated 19 October 2011 (879.75 KB) ](/sites/g/files/dvc4206/files/document/2020/09/Finance-08-Base_Prospectus_dated_19_October_2011.pdf) [PDF EMTN base prospectus dated 4 May 2007 (333.77 KB) ](/sites/g/files/dvc4206/files/document/2020/09/Finance_EMTN_Prospectus_dated_4_May_2007.pdf) Bond issues [PDF Final Terms of EUR 500,000,000 bond issue due September 2034 (243.12 KB) ](/sites/g/files/dvc4206/files/document/2026/08/Final_terms_2034_notes_08-31-2026.pdf) [PDF Final Terms of EUR 650,000,000 bond issue due September 2030 (242.93 KB) ](/sites/g/files/dvc4206/files/document/2026/08/Final_terms_2030_notes_08-31-2026.pdf) [PDF Notice of optional redemption to the attention of the holders of the €500,000,000 Undated Deeply Subordinated Fixed Rate Resettable Notes (ISIN FR0013445335) on 12 September 2026 (98.51 KB) ](/sites/g/files/dvc4206/files/document/2026/09/Veolia_optional_redemption_notice_2026-09-12.pdf) [Non-dilutive cash-settled convertible bonds](https://developpement-internet.com/veolia-bonds-obligations/index.html?lang=en) [PDF Final Terms of EUR 275,000,000 to be assimilated to EUR 500,000,000 bond issue due April 2036 (2.45 MB) ](/sites/g/files/dvc4206/files/document/2026/06/Conditions_definitives_18-06-2026.pdf) [PDF Final Terms of EUR 500,000,000 bond issue due April 2036 (257.01 KB) ](/sites/g/files/dvc4206/files/document/2026/04/Veolia_Finance_final_terms_bond_issue_april_2036.pdf) [PDF Final Terms of EUR 500,000,000 bond issue due April 2031 (257.17 KB) ](/sites/g/files/dvc4206/files/document/2026/04/Veolia_Finance_final_terms_bond_issue_april_2031.pdf) [PDF Final terms of EUR 650.000.000 bond issue due January 2038 (243.81 KB) ](/sites/g/files/dvc4206/files/document/2026/01/3_%5BTriforce%5D_January_2026_Final%20Terms_2038_Notes_40346841.1.pdf) [PDF Final terms of EUR 900.000.000 bond issue due January 2034 (244.04 KB) ](/sites/g/files/dvc4206/files/document/2026/01/2_%5BTriforce%5D_January_2026_Final_Terms_2034_Notes_40358861.1.pdf) [PDF Final terms of EUR 950.000.000 bond issue due January 2031 (241.81 KB) ](/sites/g/files/dvc4206/files/document/2026/01/1_%5BTriforce%5D_January_2026_Final_Terms_2031_Notes_40358858.1.pdf) [PDF Notice of Optional Redemption to the attention of the holders of the Euro 850,000,000 Undated Non-Call 5.5 Year Deeply Subordinated Fixed Rate Resettable Notes (ISIN FR00140007K5) on 09.02.2026 (132.05 KB) ](/sites/g/files/dvc4206/files/document/2025/12/Optional_Redemption_Notice_for_the_Notes_%20ISIN_FR00140007K5_12-31-2026.pdf) [PDF Final terms of EUR 850.000.000 Undated Non-Call 7.3 Years Deeply Subordinated Fixed Rate Notes on September 22th, 2025 (376.07 KB) ](/sites/g/files/dvc4206/files/document/2025/09/EUO2-2006081768-v1%20Equinox-VE-Hybrid_September%202025-Final_Terms_Final_version_39814875.pdf) [PDF Final Terms of EUR 650.000.000 bond issue due June 2037 (258.04 KB) ](/sites/g/files/dvc4206/files/document/2025/06/June%202025%20-%20Final%20Terms%20-%202037%20Notes%20%5BExecution%20version%5D.pdf) [PDF Final Terms of EUR 850.000.000 bond issue due June 2032 (257.06 KB) ](/sites/g/files/dvc4206/files/document/2025/06/June%202025%20-%20Final%20Terms%20-%202032%20Notes%20%5BExecution%20version%5D.pdf) [PDF Final Terms of 500.000.000EUR Undated Non-Call 5.25 Year Deeply Subordinated Fixed Rate Resettable Green Notes on May, 16th 2025 (273.1 KB) ](/sites/g/files/dvc4206/files/document/2025/05/Final%20Terms_%20FR001400YRU1_500.000.000EUR%20.pdf) [PDF Final Terms of EUR 500.000.000 bond issue due January 2031 (266.18 KB) ](/sites/g/files/dvc4206/files/document/2024/12/Finance_EN_emission_obligataire_10-12-24_1.pdf) [PDF Final Terms of EUR 500.000.000 bond issue due September 2034 (254.14 KB) ](/sites/g/files/dvc4206/files/document/2024/09/Finance_Final_Terms_of_EUR_500.000.000_bond_issue_due_September_2034_09-06-24.pdf) [PDF Final Terms of EUR 600.000.000 Undated Non-Call 5.25 year Deeply Subordinated Fixed Rate Resettable Notes on November 20th 2023 (418.78 KB) ](/sites/g/files/dvc4206/files/document/2023/11/Finance_Def_conditions_euro_medium_term_program_EUR_600.000.000-11-20-2023.pdf) [PDF Avis aux bénéficiaires de plans d’attribution d’actions de performance et aux porteurs d’obligations à option de conversion et/ou d’échange en actions nouvelles ou existantes - October 13, 2021 (in french) (359.94 KB) ](/sites/g/files/dvc4206/files/document/2021/10/VE%20-%20Avis%20BULLETIN%20DES%20ANNONCES%20LEGALES%20OBLIGATOIRES%20du%2013%2010%202021.pdf) [PDF Avis aux bénéficiaires de plans d’attribution d’actions de performance et aux porteurs d’obligations à option de conversion et/ou d’échange en actions nouvelles ou existantes (in french) - September 17, 2021 (352.18 KB) ](/sites/g/files/dvc4206/files/document/2021/09/Finance_BALO_Avis%20aux%20b%C3%A9n%C3%A9ficiaires%20de%20plans%20d%E2%80%99attribution%20d%E2%80%99actions%20de%20performance.pdf) [PDF Final terms of €700,000,000 bond issue due to January 2027 (306.5 KB) ](/sites/g/files/dvc4206/files/document/2021/01/Final%20Terms%20of%20bond%20issue%20January%202021%20Veolia.pdf) [PDF Final Terms of a EUR 500.000.000 bond issue due January 2032 (364.13 KB) ](/sites/g/files/dvc4206/files/document/2020/06/Finance_Veolia-June_%202020-Final_Terms_New_Execution.pdf) [PDF Final terms of a EUR 750.000.000 bond issue due January 2024 (215.22 KB) ](/sites/g/files/dvc4206/files/document/2019/01/Finance_Veolia_PA-%2322314035-v1-Buena_Onda_-_Final_Terms_0.pdf) [PDF Final terms of a EUR 750.000.000 bond issue due January 2030 (210.97 KB) ](/sites/g/files/dvc4206/files/document/2018/12/Finance_Veolia_PA-Veolia_Dec_2018_-_Fnal_Terms_Execution_version.PDF) [PDF Final terms of a EUR 500.000.000 bond issue due November 2020 (226.68 KB) ](/sites/g/files/dvc4206/files/document/2017/11/PA-20051251-v6-Veolia-Final_Terms-2020_Notes.pdf) [PDF Notice of meeting of the general meeting of bondholders on 16 May 2017 at 10 a.m. (116.26 KB) ](/sites/g/files/dvc4206/files/document/2018/12/Veolia_-_Avis_de_1ere_convocation_-_EN_0.pdf) [PDF Final terms of a EUR 650 000 000 bond issue due November 2026 (240.96 KB) ](/sites/g/files/dvc4206/files/document/2017/03/3a._EXECUTION-Veolia_-_Final_Terms_-_March_2017_-_2026_Notes.pdf) [PDF Final terms of a EUR 650.000.000 bond issue due March 2022 (240 KB) ](/sites/g/files/dvc4206/files/document/2017/03/3a._EXECUTION_-_Veolia_-_Final_Terms_-_March_2017_-_2022_Notes.pdf) [PDF Final terms of a EUR 500.000.000 bond issue due January 2028 (245.51 KB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/EXECUTION-Final-Terms_0_0.pdf) [PDF Final terms of a EUR 500.000.000 bond issue due January 2029 (214.37 KB) ](/sites/g/files/dvc4206/files/document/2016/12/PA-17743197-v1-VE-Final_Terms-2029_Notes-Execution_Version.PDF) [PDF Final terms of a EUR 600.000.000 bond issue due October 2023 (211.55 KB) ](/sites/g/files/dvc4206/files/document/2016/12/PA-17746958-v1-VE-Final_Terms-2023_Notes-execution_version.PDF) [PDF Final terms of a EUR 350.000.000 bond issue due May 2017 (145.33 KB) ](/sites/g/files/dvc4206/files/document/2016/12/PA-15889216-v1-Veolia_November_issue-Final_Terms-execution_version.PDF) [PDF Final terms of a EUR 500.000.000 bond issue due January 2028 (245.51 KB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/EXECUTION-Final-Terms_0_0.pdf) [PDF Final terms of a EUR 750.000.000 bond issue due March 2027 (2.25 MB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/VE-SA_Final_Terms_27-March-2012-S29_March-2027_0_0.pdf) [PDF Final terms of a EUR 834.450.000 bond issue due January 2021 (569.73 KB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/EXECUTED-EMTN-Serie-28-T1_Final-Terms_0_0.pdf) [PDF Final terms of a EUR 750.000.000 bond issue due April 2019 (54.21 KB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/Final-Terms-echeance-2019-fr_1_0.pdf) [PDF Final Terms of a GBP 500 000 000 bond issue due October 2037 (1.12 MB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/EMTN-Serie-24-tranche-1-Final-terms_3_0.pdf) [PDF Final terms of a EUR 140,000,000 bond issue due January 2017 (277.47 KB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/Conditions-definitives-d-un-emprunt-obligataire-de-EUR-140000000-a-echeance-janvier-2017_1_0.pdf) [PDF Final terms of a GBP 150 000 000 bond issue due October 2037 (1.63 MB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/Final_Terms_1_0.pdf) [PDF Final Terms of a Euro 1 billion bond issue due May 2022 (2.59 MB) ](/sites/g/files/dvc4206/files/imported-documents/2016/11/file0397_2_0.pdf) Green bonds [PDF Green Bond Post Issuance Second Party Opinion - September 2026 (926.52 KB) ](/sites/g/files/dvc4206/files/document/2026/09/Second_Party_Opinion-Veolia-Environnement-SA-25Sep2026-PBC_1496875.pdf) [PDF Green Bond allocation & impact reporting - September 2026 (5.4 MB) ](/sites/g/files/dvc4206/files/document/2026/09/Reporting_Green_Bond_2026_08_Veolia.pdf) [PDF Green Financing Framework - Investor Presentation, April 2025 (en anglais) (5.3 MB) ](/sites/g/files/dvc4206/files/document/2025/04/Veolia%20Green%20Financing%20Framework%20IP%20April%202025.pdf) [PDF Green Financing Framework, March 2025 (5.72 MB) ](/sites/g/files/dvc4206/files/document/2025/04/Finance_Veolia_Green_Finance_Framework_March2025_0.pdf) [PDF Moody's Second Party Opinion, March 2025 (1.01 MB) ](/sites/g/files/dvc4206/files/document/2025/03/Veolia_Moodys_SPO_march_2025.pdf) Vigie (former Suez) Legacy Bonds [PDF Base Prospectus (ex-Suez) dated May 28th 2020 (1 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_28_mai_2020.pdf) [PDF Base Prospectus (ex-Suez) dated May 29th 2019 (1.22 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_29_mai_2019.pdf) [PDF Base Prospectus (ex-Suez) dated June 1st 2018 (1.68 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_1_juin_2018.pdf) [PDF Base Prospectus (ex-Suez) dated September 1st 2017 (542.89 KB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_%201_septembre_2017.pdf) [PDF Base Prospectus (ex-Suez) dated April 29th 2016 (1.79 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_29_avril_2016.pdf) [PDF Base Prospectus (ex-Suez) dated April 29th 2015 (609.18 KB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_29_avril_2015.pdf) [PDF Base Prospectus (ex-Suez) dated April 28th 2014 (770.26 KB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_28_avril_2014.pdf) [PDF Base Prospectus (ex-Suez) dated May 22nd 2013 (4.89 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_22_mai_2013.pdf) [PDF Base Prospectus (ex-Suez) dated April 24th 2012 (3.02 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_24_avril_2012.pdf) [PDF Base Prospectus (ex-Suez) dated March 25th 2011 (2.43 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_25_mars_2011.pdf) [PDF Base Prospectus (ex-Suez) dated March 23rd 2009 (1.33 MB) ](/sites/g/files/dvc4206/files/document/2023/07/Prospectus_de_base_%28ex_Suez%29_en_date_du_23_mars_2009.pdf) [Suez Bond Consent](https://www.veolia.com/en/suez-bond-consent) Information Memorandum NEU CP [PDF Information Memorandum 2026 - Negociable European Commercial Paper (273.6 KB) ](/sites/g/files/dvc4206/files/document/2026/06/2026_information_memorandum_negociable_european_paper.pdf) [PDF Information Memorandum 2025 - Negociable European commercial paper (315.25 KB) ](/sites/g/files/dvc4206/files/document/2025/06/Financial_memorandum_2025_VE_0.pdf) [PDF Information Memorandum 2024 - Negotiable European Commercial Paper (161.59 KB) ](/sites/g/files/dvc4206/files/document/2024/06/Information_Memorandum_2024_Negotiable_European_Commercial_Papers.pdf)