Séché Environnement Successfully Issues €300 Million Green Hybrid Bonds

Séché Environnement has announced the successful issuance of its first Deeply Subordinated Perpetual Notes, amounting to €300 million, under its Green Financing Framework. This move aims to bolster the company's capital structure and credit quality. The bonds, which feature a coupon of 5.87%, attracted over €3 billion in orders from 150 investors, showcasing strong interest in the company's sustainable development and ecological transition initiatives.

The success of this issuance underscores the credibility of Séché Environnement's sustainability framework, as validated by Sustainalytics. Proceeds will fund eligible green projects, with the notes treated as equity in financial statements. The bonds are rated B by Standard & Poor's and B+ by Fitch Ratings, and are listed on Euronext Dublin's Global Exchange Market.