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.