Veolia Environnement Issues €400 Million Bonds

Veolia Environnement announced a €400 million offering of cash-settled convertible bonds maturing in January 2032. The offering targets institutional investors and bypasses retail investors. The bonds provide exposure to Veolia's shares without issuing new shares. Investors can receive cash upon exercising conversion rights, based on average share prices.

Veolia plans to use proceeds for corporate purposes, including purchasing call options to hedge economic exposure. The bonds carry an annual interest rate between 0.50% and 0.75%, payable semi-annually.

The offering involves BNP Paribas and Natixis as coordinators. No public offering will occur, with a sole focus on qualified investors. Trading on Euronext AccessTM is expected within 30 days of issuance.