Veolia Environnement €500 million notes see no stabilisation activity

Published 20/06/2025, 16:50
Veolia Environnement €500 million notes see no stabilisation activity

LONDON - French utility company Veolia Environnement (OTC:VEOEY)’s €500 million notes offering proceeded without any market stabilisation measures, according to an announcement from Natixis on Friday.

The 4.371% perpetual non-call notes (PNC5.25), which were priced at 99.999%, did not require intervention from the designated stabilisation managers to maintain market price levels following the initial offering.

Natixis served as the primary stabilisation manager for the transaction, alongside Barclays (LON:BARC), CaixaBank, Deutsche Bank (ETR:DBKGn), HSBC and Mizuho (NYSE:MFG) as additional stabilisation managers.

The announcement follows Natixis’s pre-stabilisation notice issued on May 13, 2025, which had outlined potential market stabilisation measures that could be implemented if needed.

The securities, identified by the code FR001400YRU1, were not registered under the United States Securities Act and were not offered for sale in the U.S. market.

This information was disclosed in a formal post-stabilisation announcement based on a press release statement from Natixis Syndicate.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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