The GDF SUEZ Group has successfully launched a €300 million bond issue with 100-year maturity and 5.95% coupon. This is the first 100-year issue denominated in euros ever floated in the market.
This issue once again illustrates investors confidence in GDF SUEZ long-term outlook and the permanent financial innovations of the Group. It provides another example of the Group’s active balance sheet management, and extends the average maturity of its net debt by nearly one year.
The issue’s placement was managed jointly by Bank of America Merrill Lynch and JP Morgan.
About GDF SUEZ
GDF SUEZ develops its businesses around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 200,650 people worldwide and achieved revenues of €79.9 billion in 2009.
[mappress]
Source: GDF SUEZ, March 10, 2011;