Chicago, Oct. 29 – Seche Environnement SA sold a €300 million offering of 2¼% seven-year sustainability-linked senior notes (BB/BB) at par, according to a notice.
A market source had noted that expectations were for a yield between 2¼% and 2½%.
Books closed on Thursday.
BNP Paribas is the left bookrunner.
Credit Agricole CIB and Natixis were lead managers.
The Regulation S notes come with three years of call protection.
The Paris-based provider of residential and commercial solid waste services plans to use the proceeds to repay debt and for general corporate purpose.
| Issuer: | Seche Environnement SA
|
| Issue: | Sustainability-linked notes
|
| Amount: | €300 million
|
| Maturity: | Nov. 15, 2028
|
| Bookrunners: | BNP Paribas, Credit Agricole CIB and Natixis
|
| Coupon: | 2¼%
|
| Price: | Par
|
| Yield: | 2¼%
|
| Call features: | Three years
|
| Trade date: | Oct. 28
|
| Ratings: | S&P: BB
|
| Fitch: BB
|
| Distribution: | Regulation S
|
| Price talk: | 2¼% to 2½% yield
|
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