Veolia Environnement Launches EUR1B Bond Exchange, Tender

24th Jun 2010 16:29

LONDON (Dow Jones)--France-based utility group Veolia Environnement S.A. (VIE.FR) Thursday offered to exchange up to EUR1 billion of its existing bonds for new longer dated notes and launched a separate cash tender. The exchange offer is open to holders of its EUR1 billion, 5.875%, 2012-dated notes and holders of its EUR1 billion 4.875%, 2013-dated notes, and will see Veolia exchange up to EUR1 billion of the notes for a new, longer dated bond. Veolia also offered to pay the bondholders cash into return for their bonds. Societe Generale SA is structuring adviser and joint dealer manager, and BNP Paribas SA, Natixis and the Royal Bank of Scotland Group are joint-dealer managers on the offer, which expires on June 30. By Ainsley Thomson, Dow Jones Newswires; 44 20 7842 9318; [email protected] (END) Dow Jones Newswires June 24, 2010 11:29 ET (15:29 GMT)