Veolia Environnement : successfully issues a 5-year bond for EUR 750 million
January 07, 2019 at 12:14 pm EST
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Press Release
Paris, January 7, 2019
Finance - Group
Veolia successfully issues a 5-year bond for EUR 750 million
Veolia has issued a 750 million 5-year EUR bond (maturity January 2024) with a yield of 0.892 %. The bond was issued at par.
The quality of the order book and its substantial size (up to EUR 2 billion) gave Veolia the ability to set the transaction size at EUR 750 million and materially narrow the spread versus swap at issuance.
The high level of oversubscription, the quality of the investor base and the good conditions that were achieved in spite of the fact that Veolia already tapped the bond market in November 2018 are signals of the significant appreciation of Veolia's credit quality.
The proceeds of this issuance will be used for General Corporate Purposes.
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The distribution of this press release in certain jurisdictions may be subject to specific regulations or may be restricted by regulations or laws. In particular, this press release shall not be released, published or distributed in the United States, its territories and possessions, in Australia, in Canada or in Japan.
This announcement does not constitute an offer or solicitation in the United States, its territories and possessions, or in any other jurisdiction.
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Veolia group is the global leader in optimized resource management. With over 169 000 employees worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2017, the Veolia group supplied 96 million people with drinking water and 62 million people with wastewater service, produced 45 million megawatt hours of energy and converted 47 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE) recorded consolidated revenue of €25.125 billion in 2017.www.veolia.com
Contacts
Group Press Relations
Laurent Obadia - Sandrine Guendoul
Investors & Analyst Relations
Stéphane Galfré - Marie Bouvet
Ronald Wasylec - Ariane de Lamaze
Tel.+ 33 1 85 57 42 16
Tel. + 33 1 85 57 84 76 / 84 80
sandrine.guendoul@veolia.com
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Veolia Environnement SA published this content on 07 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 January 2019 17:13:03 UTC
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).