GDF SUEZ successfully achieved a four-tranche €2.5 billion bond issue
Today GDF SUEZ successfully achieved a four-tranche €2.5billion bond issue:
- €500 million, maturing in March 2017, with a 0.0% coupon
- €750 million, maturing in March 2022, with a 0.5% coupon
- €750 million, maturing in March 2026, with a 1.0% coupon
- €500 million, maturing in March 2035, with a 1.5% coupon
The average coupon of the issue is 0.75% and the average maturity is 9.8 years.
The coupons for each tranche are the lowest obtained by GDF SUEZ at these maturities in Euros. On the 7 year tranche, the coupon reaches the lowest ever obtained on this market. In particular, the 2-year tranche bears a 0% coupon.
This transaction is aligned with the strategy of dynamic management of the GDF SUEZ balance sheet and allows the Group to secure its refinancing needs in exceptionally favourable market conditions currently prevailing in the Eurozone.
Gerard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ, has declared: “This transaction shows the investors’ trust in GDF SUEZ signature. It is aligned with the strategy of dynamic management of the GDF SUEZ balance sheet and allows the Group to secure its refinancing needs in exceptionally favourable market conditions currently prevailing in the Eurozone.”
GDF SUEZ develops its businesses (power, natural gas, energy services) 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, fighting against climate change and maximizing 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: independent power production, liquefied natural gas, renewable energy and energy efficiency services. GDF SUEZ employs 152,900 people worldwide and achieved revenues of EUR 74.7 billion in 2014. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Euronext Vigeo Eurozone 120, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.