The French waste-treatment group is marketing pound-denominated green bonds due in 20 years on Thursday, according to a person with knowledge of the sale, who asked not to be identified as the information is private. It’s one of just four senior offerings in the currency from a non-financial company this year bearing a tenor of 20 years or more and the longest in the currency since March, according to data compiled by Bloomberg.
“If I were a corporate I would certainly be looking at the long end of the GBP market as a good place to issue with decent demand at the moment,” said Luke Hickmore, investment director at Abrdn Plc. “If we do see Suez do well I would expect that to be taken as an indication that we are in an episode of demand and we will see more issuers print.”
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