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New success for GDF SUEZ on the European bond markets with a 1.5 billion Euro bond issue

July 11, 2012

GDF SUEZ successfully concluded yesterday a double-tranche bond issue for 1.5 billion Euro:

  • € 0.75 billion, maturing in July 2017, with a 1.5% coupon
  • € 0.75 billion, maturing in July 2022, with a 2.625% coupon

The average coupon of the issue is just above 2% and the average maturity is 7.5 years. It was swapped to variable rates bringing the average cost of the financing to 1.37%. 
The excellent momentum granted by the market, as illustrated by the large oversubscription of the books, is an additional proof of the support of the financial markets to GDF SUEZ development strategy.

This transaction constitutes a further step in the financing of the buyout of International Power minority shareholders completed on June 29 and for which the payment of the price of 418 pence per share will occur on 12 July 2012. This emission, added up to the 3 billion euro raised on May 22, will partially offset the €6 billion bank credit facility concluded for the buyout on May 4, 2012.

Gérard Mestrallet, Chairman and CEO of GDF SUEZ commented : “Thanks to proactive and dynamic management of its balance sheet and close monitoring of financial markets, GDF SUEZ was able to seize very attractive conditions currently achievable by highly rated corporates on the European debt capital markets. These skills procure a significant competitive advantage in the current challenging environment.”    

This announcement is not an offer of the bonds for sale in the United States. The bonds may not be offered or sold in the United States unless they are registered or are exempt from registration. GDF SUEZ does not intend to conduct a public offering in the United States. The bonds have not been and will not be offered to the public in France or in any other jurisdictions.

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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