Veolia successfully tapped the bond market in a two-tranch transaction totaling € 1 billion:
- a 5-year bond for 500 million euros bearing a coupon of 3.69 %,
- a 10-year bond for 500 million euros bearing a coupon of 4.122 %.
The operation attracted more than 400 orders for an overall amount which peaked at 7.7 billion euros. Given this strong demand, the issuance was executed with no new issue concession vs secondary market, in spite of recent volatility in bond markets. This high level of oversubscription, the quality of the investors and the very good terms obtained testify to the very positive perception of Veolia's signature, its international growth outlook and its financial solidity.
“Veolia manages to raise funds with excellent conditions, even when markets are volatile”, says Emmanuelle Menning, Deputy Veolia CEO Finance and Purchasing. “This very strong market reception confirms the continuous confidence in the Group following the publication of our annual results, and reinforces the strength and resilience of Veolia's positioning as the world leader in ecological transformation. The successful conclusion of the Suez integration chapter and the acceleration of the transformation of the business portfolio toward a more innovative and international group have been well received, and we are confident in the successful execution of our GreenUp strategic plan, which will deliver our full potential for sustainable growth in favor of ecological security.”