Veolia capitalized on the reopening of European markets to take advantage of favorable issuance conditions and complete a record bond placement with three new bond tranches totaling 2.5 billion: a 5-year bond for EUR 950 million bearing a coupon of 3.209%, a 8-year bond for EUR 900 million bearing a coupon of 3.639 %, a 12-year bond for EUR 650 million bearing a coupon of 4.052 %. The operation attracted more than 570 orders for an overall amount which peaked at 10.5 billion euros. Given this strong demand, the issuance was executed with new issue concessions vs secondary market between -2 and 5 basis points.
This high level of oversubscription, the quality of the investors and the very good terms obtained testify to the very positive perception of Veolia's signature, its international growth outlook and its financial solidity.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.4%; 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 (35%; 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 (24.6%; 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 (19.7%), the United States (10.9%), Poland (6.8%), the United Kingdom (6.8%), Germany (6.8%), Spain (6.3%), Australia (4.7%), the Czech Republic (4.7%), Morocco (2.8%), Italy (2.6%), Belgium (2.4%), China (2.2%), Hungary (1.8%), Chile (1.8%), Hong Kong (1.4%), Japan (1.3%), Slovakia (1.2%) and other (15.8%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
