Suez: successfully prices E2.6bn in green bonds
(CercleFinance.com) - Suez announced yesterday that it had successfully priced its first green bonds, entirely dedicated to refinancing part of the debt that initially financed all or part of the Eligible Green Projects.
The transaction was oversubscribed by about 2.9 times and received a very favourable response from over 200 institutional investors, based throughout Europe, Suez said.
The total issue totals 2.6 billion euros and consists of three tranches: - 750 million euros at fixed rate with a maturity of 5 years and an annual coupon of 1.875%, - 850 million euros at fixed rate with a maturity of 8 years and an annual coupon of 2.375%, - 1 billion euros fixed rate with a maturity of 12 years and an annual coupon of 2.875%.
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The transaction was oversubscribed by about 2.9 times and received a very favourable response from over 200 institutional investors, based throughout Europe, Suez said.
The total issue totals 2.6 billion euros and consists of three tranches: - 750 million euros at fixed rate with a maturity of 5 years and an annual coupon of 1.875%, - 850 million euros at fixed rate with a maturity of 8 years and an annual coupon of 2.375%, - 1 billion euros fixed rate with a maturity of 12 years and an annual coupon of 2.875%.
Copyright (c) 2022 CercleFinance.com. All rights reserved.