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Veolia: buyback offer for OCEANE bonds maturing in 2025

(CercleFinance.com) - Veolia announced on Friday the launch of a cash buyback offer for its bonds convertible into and/or exchangeable for new or existing shares (Océanes) due January 2025, for an amount of approximately E550m.


The environmental services group - which specifies that the operation will be carried out within the framework of a reverse order book construction procedure - says it reserves the right to increase this amount up to the entire nominal amount of the outstanding Océanes 2025.

At yesterday's market close, the aggregate principal amount of the OCEANE bonds represented close to 700 million euros.

The initial unit price of the bonds will be between E31.35 and E31.58, a price which will be adjusted according to the volume-weighted average price of the company's shares

The results of the procedure are expected to be published today.


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