By Angela McDaniels
Tacoma, Wash., Dec. 16 – Veolia Environnement SA said it issued RMB 1.5 billion of one-year 3.7% bonds in the Chinese domestic market.
The Panda bonds were sold to Chinese and international investors, and the issue was 1.7 times oversubscribed, according to a company news release.
The coupon came at the low end of the range proposed to investors.
The company said the issue supports its objective to continue to actively pursue growth in China.
Veolia is an environmental services provider based in Paris.
Issuer: | Veolia Environnement SA
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Issue: | Panda bonds
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Amount: | RMB 1.5 billion
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Tenor: | One year
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Coupon: | 3.7%
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Announcement date: | Dec. 16
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