Veolia: successful bond issue
(CercleFinance.com) - In a context of highly volatile financial markets and in particular the credit market, Veolia says that it took advantage of a favourable market window to place 700 million euros of bonds maturing in April 2028.
The bonds, issued at par, carries a coupon of 1.25%. The order book reached up to 5.8 billion euros, allowing it to substantially improve the issue level and obtain a final pricing that was very close to the secondary market.
The utilities group specifies that the proceeds from the issue will be used for general financing needs, and in particular in preparation for bonds reaching maturity at the end of 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The bonds, issued at par, carries a coupon of 1.25%. The order book reached up to 5.8 billion euros, allowing it to substantially improve the issue level and obtain a final pricing that was very close to the secondary market.
The utilities group specifies that the proceeds from the issue will be used for general financing needs, and in particular in preparation for bonds reaching maturity at the end of 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.