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GDF SUEZ launches a double long term bond issue for 450 million Swiss Francs at 1.125% and 1.625%

September 14, 2012

GDF SUEZ successfully placed a 450 million Swiss Franc issue (around 370 million Euros) in two tranches: a 8 years tranche of 275 million with a 1.125% coupon and a 12 years tranche of 175 million with a coupon of 1.625%. 

By tapping the Swiss market, and after swap into Euros, the Group reached funding conditions fairly more attractive than it would have reached by borrowing forthright on the Euro markets. Moreover, this transaction allows the Group to further diversify its funding sources on durations which perfectly fit with its debt maturity profile.

This financing has been swapped into Euro floating rate at an average spot level of 1.16%. It reflects the strategy carried on by the Group for the optimization of its financial charges.

GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, combating climate change and optimizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 218,900 people worldwide and achieved revenues of €90.7 billion in 2011. The Group is listed on the Brussels, Luxembourg and Paris stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Stoxx 50, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone and ECPI Ethical Index EMU.

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