€600 million inflation-indexed bond issue
Veolia Environnement has completed the issuance of a 10-year bond indexed on European inflation for a total of €600 million. The yield to investors will be 1.79% + European inflation, i.e. 65 basis points above the French Treasury bond with the same maturity.
This inflation-linked bond is the first of its kind to be issued by a private-sector corporation in the euro zone.
"This transaction reflects Veolia Environnement's policy of diversifying its sources of funding by addressing long-term bond investors and lengthening the average maturity of its debt. In this instance, the Group is taking advantage of a new financial product very well suited to the structure of its contracts, which provide for price reviews linked to inflation in certain cases," stated Jerome Contamine, Senior Executive Vice President of Veolia Environnement.
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties include in particular risks related to the ability of Veolia Environnement to complete its divestiture transactions as a result of customary conditions precedent and closing adjustments, as well as the risks described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.
Analyst and institutional investor contact: Nathalie Pinon +33 1 71 75 01 67
US Investor contact: Brian Sullivan +(1) 630 371 2749