Veolia buys back portions of 5.25% dollar bonds, 4.875% euro bonds

By Marisa Wong

Madison, Wis., Dec. 22 - Veolia Environnement SA announced it repurchased $210 million of its 5.25% dollar-denominated bonds due in June 2013 and €56 million of its 4.875% euro-denominated bonds due in May 2013.

The buybacks bring the remaining outstanding amounts of the bonds to $490 million for the 5.25% bonds and €500 million for the 4.875% bonds.

Veolia said it repurchased the bonds to optimize its financing cost, reducing the carrying cost of its available cash and cash equivalents.

The environmental services provider is based in Paris.

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