Verallia Issues 850 Million Euros in Bonds Across Two Tranches
Verallia has completed a senior bond issuance in euros, totaling 850 million euros, aimed at refinancing its existing debt.
Details of the Bond Issuance
According to the press release, Verallia issued new senior bonds in two tranches amounting to a total of 850 million euros. The first tranche, worth 500 million euros, has a fixed rate with a maturity in November 2033 and carries an annual interest rate of 4.375%. The second tranche, worth 350 million euros, also has a fixed rate with a maturity in November 2029 and an annual interest rate of 3.500%. The operation attracted significant demand, being oversubscribed by four times.
Strategic Financial Management
The issuance is part of Verallia's active financial management strategy to diversify its funding sources while extending the average duration of its debt. The raised funds will be used to refinance a bridge loan contracted in April 2025 in connection with a public takeover offer by BWGI. The bond issuance has been rated BBB- by S&P, consistent with Verallia's long-term debt ratings.
Listing and Coordination
The new bonds will be listed on the Paris Stock Exchange starting November 14, 2025. BNP Paribas, Crédit Agricole Corporate and Investment Bank, and Société Générale Corporate & Investment Banking coordinated the operation, with the participation of several other financial institutions. Verallia, a European leader in the manufacture of glass for beverages and food products, is committed through its strategic plan to achieve carbon neutrality by 2040.
