Successful hybrid bond liability management: issue of 500mEUR and buyback of
352mEUR of 2014 bonds
SUEZ successfully issued undated deeply subordinated hybrid bonds for an amount
of EUR500 million.
New bonds have an initial fixed coupon of 1.625 per cent which will be revised
for the first time seven years after issuance, and then, every five years.
The funds raised are partly used for a buy-back and early redemption of hybrid
bonds issued in June 2014 (which bear interest at a rate of 3.00 per cent) for
a nominal amount of EUR352 million. With this transaction, the Group optimizes
the company's balance sheet structure, while refinancing the existing bonds at
The new bonds will be accounted for as 100% equity under IFRS standards and as
50% equity by the rating agency Moody's.
This transaction was managed by CaixaBank, Citi, Crédit Industriel et
Commercial, Deutsche Bank, MUFG, Natixis, Natwest Markets, Santander, Société
Générale et UniCredit.
The new issue prospectus is available on SUEZ website (www.suez.com).
With 90 000 people on the five continents, SUEZ is a world leader in smart and
sustainable resource management. We provide water and waste management
solutions that enable cities and industries optimize their resource management
and strengthen their environmental and economic performances, in line with
regulatory standards. To meet increasing demands to overcome resource quality
and scarcity challenges, SUEZ is fully engaged in the resource revolution. With
the full potential of digital technologies and innovative solutions, the Group
treats over 45 million tons of waste a year, produces 4.4 million tons of
secondary raw materials and 7.7 TWh of local renewable energy. It also secures
water resources, delivering wastewater treatment services to 66 million people
and reusing 1.1 billion m3 of wastewater. SUEZ generated total revenues of 17.3
billion euros in 2018.
Find out more about the SUEZ Group on the website & on social media
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Head Office : Tour CB21 - 16 place de l'Iris, 92040 Paris La Défense Cedex,
France - Tel : +33 (0)1 58 81 20 00 - www.suez.com Limited Liability Company
with a share capital of EUR2,485,450,316 - 433 466 570 RCS Nanterre -
TVA FR 76433 466 570