Veolia wins sub-5% pricing as hybrid wins new investors

11 Jan 2013

The strength of demand for corporate bonds was keenly evident this week as six European companies plus GE Capital launched chunky deals in the European market, totalling nearly €8bn. The books for those deals totalled a remarkable €39bn.

Veolia Environnement’s transaction stood out as the first corporate hybrid capital issue of the year, attracting about €9bn of demand across its euro and sterling tranches for what was until recently still a niche product.

That enabled the French environmental services group to raise one of the largest totals ...

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