Bureau Veritas announces the success of a 500 million euro bond issue maturing in May 2036, with a 3.5% coupon. The final order book amounted to over 1.5 billion euros, i.e. three times the targeted amount.

'This high level of oversubscription enabled Bureau Veritas to reduce the final bond rate to a level below the prices initially announced', points out the testing, inspection and certification services group.

This placement enables it to 'take advantage of attractive market conditions for the Group's general corporate purposes, including the refinancing of its bond maturing in January 2025, while extending the average maturity of its debt'.

Copyright (c) 2024 CercleFinance.com. All rights reserved.