Suez Environnement’s bond bonanza
- From: Vol 10, Issue 4 (April 2009)
- Category: General
- Region: Europe
- Country: France
- Related Companies: BNP Paribas, Deutsche Bank, Natixis, Société Générale and Suez Environment
First-time borrower Suez Environnement drew nearly €9 billion of orders for its two-part bond issue. It will lessen the company’s reliance on its parent as a source of funding.
Suez Environnement priced a €1.8 billion dual-tranche inaugural bond issue at the end of March, drawing nearly €9 billion of demand from investors across Europe. Having secured an A3 credit rating with a stable outlook from Moody’s in early March, senior officials from the company embarked on a weeklong roadshow in order to explain the credit story to ...
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