Bureau Veritas successfully completes the bond issuance of EUR 500 million with a maturity in November 2031
November 08 2024 - 12:30AM
UK Regulatory
Bureau Veritas successfully completes the bond issuance of EUR 500
million with a maturity in November 2031
PRESS RELEASE
Neuilly-sur-Seine, France – November 8, 2024
Bureau Veritas successfully completes the
bond issuance of EUR 500 million with a maturity in November
2031
Bureau Veritas, a world
leader in testing, inspection and certification (TIC) services,
announces the successful placement of a EUR 500 million bond issue
maturing in November 2031 and carrying a coupon of
3.125%.
This bond issuance was largely oversubscribed
(2.3 times), enabling Bureau Veritas to price with a final spread
much below initial price indications. This underlines the strong
investors’ confidence in Bureau Veritas business model, its LEAP |
28 strategy as well as the quality of its credit profile. This
issuance would be assigned an A3 rating by Moody’s.
This new bond allows Bureau Veritas to seize
attractive market conditions for general corporate purposes and
refinancing of existing indebtedness (which may include some of the
existing USPP).
Admission of the bonds to trading on Euronext
Paris will be effective on the settlement date, which is expected
to take place on November 15, 2024.
BofA Securities and Société Générale acted as
Global Coordinators and Active Joint Bookrunners.
Barclays, Commerzbank, Crédit Agricole CIB, NatWest Markets and
UniCredit acted as Active Joint Bookrunners.
ABOUT BUREAU VERITAS
Bureau Veritas is a world leader in inspection, certification, and
laboratory testing services with a powerful purpose: to shape a
world of trust by ensuring responsible progress. With a vision to
be the preferred partner for customers’ excellence and
sustainability, the company innovates to help them navigate
change.
Created in 1828, Bureau Veritas’ 83,000 employees deliver services
in 140 countries. The company’s technical experts support customers
to address challenges in quality, health and safety, environmental
protection, and sustainability.
Bureau Veritas is listed on Euronext Paris and belongs to the CAC
40 ESG, CAC Next 20, SBF 120 indices and is part of the CAC SBT
1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol:
BVI.
For more information, visit www.bureauveritas.com, and follow us on
LinkedIn and X/Twitter.
- Bureau Veritas_Press release bond issuance ENG_08.11.2024
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