BUREAU VERITAS - Bureau Veritas successfully completes an inaugural A3 rated (by Moody’s) bond issuance of EUR 500 million with a maturity in May 2036
May 16 2024 - 1:30AM
BUREAU VERITAS - Bureau Veritas successfully completes an inaugural
A3 rated (by Moody’s) bond issuance of EUR 500 million with a
maturity in May 2036
PRESS RELEASE
Neuilly-sur-Seine, France – May 16, 2024
Bureau Veritas successfully completes an
inaugural A3 rated (by Moody’s) bond issuance of EUR 500 million
with a maturity in May 2036
Bureau Veritas, a world
leader in testing, inspection and certification (TIC) services,
announces the successful placement of a EUR 500 million A3 rated
(by Moody’s) new bond issue maturing in May 2036 and carrying a
coupon of 3.5%.
The final orderbook amounted to more than EUR
1.5 billion, which represents 3 times the targeted amount. Such a
high level of oversubscription enabled Bureau Veritas to price with
a final spread much below initial price indications. This
underlines the strong investors’ confidence in Bureau Veritas
business model as well as the quality of its credit profile, the
latter having been confirmed by the A3 rating (with a Stable
outlook) recently assigned by Moody’s.
This issuance allows Bureau Veritas to seize
attractive market conditions for general corporate purposes
including the refinancing of its bond maturing in January 2025,
thereby lengthening the average maturity of its debt.
Admission of the bonds to trading on Euronext
Paris will be effective on the settlement date, which is expected
to take place on May 22, 2024.
BNP Paribas and HSBC acted as Global
Coordinators and Active Joint Bookrunners.CIC, ING, Mizuho, Natixis
and Santander acted as Active Joint Bookrunners.
About Bureau VeritasBureau
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 X/Twitter (@bureauveritas)
and LinkedIn.
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ANALYST/INVESTOR CONTACTS |
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MEDIA CONTACTS |
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Laurent Brunelle |
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Anette Rey |
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+33 (0)1 55 24 76 09 |
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+33 (0) 6 69 79 84 88 |
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laurent.brunelle@bureauveritas.com |
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anette.rey@bureauveritas.com |
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Colin Verbrugghe |
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+33 (0)1 55 24 77 80 |
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colin.verbrugghe@bureauveritas.com |
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Karine Ansart+33 (0)1 55 24 76
19karine.ansart@bureauveritas.com |
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- Bureau Veritas_Press release bond issuance ENG_16.05.2024
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