SUEZ Completes €600 Million Green Bond Issuance

SUEZ has completed a €600 million green bond issuance with a fixed annual interest rate of 4.00% and a 10-year maturity. The issuance was oversubscribed by nearly 3.7 times, indicating strong investor interest and confidence in SUEZ's financial profile.

This strategic financial move aims to secure liquidity amidst geopolitical uncertainties and prepare for debt refinancing in 2027. Additionally, it supports financing green capital expenditures (Capex) and operational expenditures (Opex) planned for 2024 and 2025. The issuance aligns with SUEZ’s goal to strengthen its financial structure by extending debt maturity over a decade.

SUEZ's long-term senior unsecured debt carries a Baa2 rating with a negative outlook from Moody’s. The transaction was coordinated by NatWest Markets, Société Générale CIB, and Natixis, with ING and MUFG as joint bookrunners.