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PARIS - French environmental services company Veolia has issued €1.5 billion in bonds through a dual-tranche offering, according to a stabilization notice released Tuesday.
The bond issuance consists of an €850 million tranche with a 3.324% coupon maturing on June 17, 2032, and a €650 million tranche with a 3.795% coupon maturing on June 17, 2037. Both tranches were priced at 100% of face value.
Societe Generale (OTC:SCGLY) is acting as the stabilization coordinator for the offering, with the stabilization period expected to begin Tuesday and end no later than July 17, 2025.
The stabilization manager may over-allot securities or conduct transactions to support the market price of the securities during the stabilization period at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur.
The bond offering is not available to investors in the United States, as the securities have not been registered under the U.S. Securities Act of 1933.
This information is based on a stabilization notice published through the Regulatory News Service (RNS) of the London Stock Exchange (LON:LSEG).
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