Positive reception for Veolia debt exchange

Veolia has lengthened the average maturity of its liabilities without increasing net debt. It will have to wait until later in the year to access the long end of the curve.


Veolia Environnement has lengthened the average maturity of its debt portfolio by issuing a new €835 million bond due in 2021, while cancelling a similar volume of shorterdated securities.

The borrower completed a parallel exchange offer and tender on 1st July, whereby holders of €244 million of Veolia’s 5.875% 2012 and 4.875% 2013 bonds agreed to exchange ...

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