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BUREAU VERITAS successfully completes a bond issuance: EUR 500 million non-rated maturity January 2027



Neuilly-sur-Seine, France – November 12, 2019

Bureau Veritas successfully completes a bond issuance: EUR 500 million non-rated maturity January 2027

Bureau Veritas, a world leader in testing, inspection and certification (TIC) services, announces the successful placement of a EUR 500 million non-rated new bond issue maturity January 2027 and carrying a coupon of 1.125%.

The final orderbook amounted to more than EUR 1.9 billion with around 150 different investors. Such a high level of oversubscription, with a ratio of nearly 4 times, enabled Bureau Veritas to benefit from a price below initial price indications. This also underlines the high confidence of investors in the Bureau Veritas business model as well as the quality of its credit profile.

This issuance allows Bureau Veritas to seize attractive market conditions for general corporate purposes including the refinancing of some of its upcoming maturities, thereby lengthening the average maturity of its debt while optimizing its cost.

Admission of the bonds to trading on Euronext Paris will be effective on the settlement date, which is expected to take place on November 18, 2019.

BNP Paribas and Natixis acted as Global Coordinators and Active Joint Bookrunners.

Barclays Bank Plc, Crédit Agricole CIB, HSBC Bank Plc and Société Générale acted as Active Joint Bookrunners.

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The bonds will be offered only by way of private placement to institutional investors. The securities may not be offered or sold or otherwise made available to retail investors. No key information document under PRIIPS regulation has been and will be prepared.

This press release and the information contained herein do not constitute an offer to sell or subscribe, nor a solicitation of an order to purchase or subscribe the notes in any country, in particular in the United States.

The publication, distribution or transmission of this press release may, in certain countries, be subject to legal restrictions. Persons in possession of this press release should inform themselves about and comply with any applicable restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

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About Bureau Veritas

Bureau Veritas is a world leader in laboratory testing, inspection and certification services. Created in 1828, the Group has more than 77,000 employees located in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions, in order to ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.
Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index.
Compartment A, ISIN code FR 0006174348, stock symbol: BVI.
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