As a global leader in the water and waste management sectors, we have been operating for over 160 years all over the world. We provide essential services to protect the resource and improve quality of life wherever we operate.
Finance
SUEZ successfully priced an inaugural £600 million Green Bond issuance
£600 million 6.625% annual fixed rate notes with a 20-year maturity
Following its first two bond issuances denominated in euro in May 2022 and October 2022, SUEZ successfully priced a 20-year inaugural sterling Green Bond.
After a roadshow that gathered more than 60 investors, this new transaction received strong investor demand with a total order book that reached £1.1 bn, implying an oversubscription close to 2 times.
This issuance aims at:
- refinancing part of the €1.2 bn acquisition facility raised in December 2022 to complete the acquisition of SUEZ recycling and recovery UK ;
- diversifying the Group’s investor base ;
- strengthening further the Group’s financial structure by increasing its average debt maturity by 2 years to 8.5 years.
SUEZ long-term senior debt is rated Baa2 (stable outlook) by Moody’s.
HSBC, NatWest Markets, RBC Capital Markets and Santander acted as Joint Active Bookrunners. BBVA, BNP Paribas, Morgan Stanley and SMBC acted as Passive Bookrunners.
Aligned with our 2023-2027 Sustainable Development Roadmap, the success of this new Green Bond issuance, SUEZ’s third one and first in sterling, highlights strong investors’ confidence in the Group, and SUEZ’s commitment to embedding sustainability into its financing plan.”Sabrina Soussan , Chairman and CEO of SUEZ