Bureau Veritas: successful bond issue
(CercleFinance.com) - Bureau Veritas announces the success of a new bond issue for E500m, maturing in November 2031, with a coupon of 3.
125%, once again demonstrating the confidence of bond investors.
This bond placement benefited from a high level of oversubscription (2.3x), which enabled Bureau Veritas to reduce the final rate to a level below the prices initially announced, the testing, inspection and certification services group says.
This issue enables Bureau Veritas to take advantage of attractive market conditions for its general corporate purposes, including the refinancing of existing debt. The bonds will be listed on Euronext Paris from the settlement-delivery date, scheduled for 15 November.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
125%, once again demonstrating the confidence of bond investors.
This bond placement benefited from a high level of oversubscription (2.3x), which enabled Bureau Veritas to reduce the final rate to a level below the prices initially announced, the testing, inspection and certification services group says.
This issue enables Bureau Veritas to take advantage of attractive market conditions for its general corporate purposes, including the refinancing of existing debt. The bonds will be listed on Euronext Paris from the settlement-delivery date, scheduled for 15 November.
Copyright (c) 2024 CercleFinance.com. All rights reserved.