Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 14-04-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | Suez Environnement Issuance of Perpetual Subordinated Bonds | Industry: | Support Services |
| Description: |
White and Case LLP advised Suez Environnement on the issue of EUR500 million perpetual subordinated bonds.
The bonds, which were issued on March 30, 2015 and are listed on the regulated market of Euronext Paris, have a first repayment option after seven years and pay an annual coupon of 2.5 percent until this date, resettable every five years after the first call date. They will rank junior to all senior debt and, in accordance with IFRS, be accounted as 100 percent equity, and as 50 percent equity by ratings agency Moody's.
The White and Case team in Paris which advised the company on its new bond issuance was led by partner Severin Robillard.
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| Financial Center: | Paris | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | White & Case |
| Issuer Jurisdiction | France | Listing Jurisdiction | France |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Severin Robillard |
