- Veolia issued three bond tranches totaling €2.5 billion.
- The tranches include a 5-year bond at 3.209%, an 8-year bond at 3.639%, and a 12-year bond at 4.052%.
- The issuance attracted over 570 orders, reaching €10.5 billion.
- New issue concessions ranged from -2 to 5 basis points.
Bond Issuance Details
Veolia successfully issued €2.5 billion in bonds, capitalizing on favorable market conditions in Europe. The issuance was divided into three tranches: a 5-year bond for €950 million with a 3.209% coupon, an 8-year bond for €900 million with a 3.639% coupon, and a 12-year bond for €650 million with a 4.052% coupon.
Market Response
The bond issuance attracted significant interest, with over 570 orders totaling €10.5 billion. This high level of oversubscription allowed Veolia to execute the issuance with new issue concessions ranging from -2 to 5 basis points compared to the secondary market.
Investor Confidence
The strong demand and favorable terms reflect a positive perception of Veolia's financial stability and growth prospects. Investors showed confidence in the company's international growth outlook and its strategic initiatives.
