Today 09/23/2016 - 05:35:23 PM
Peugeot SA 13.525€
CAC 40 4,488.69 PTS
Banque PSA Finance issues €750m fixed rate notes
Banque PSA Finance announces the issue of €750 million Fixed Rate Notes maturing in 2012 with a coupon of 8.50%. The success of this operation, which was more than five times over subscribed, illustrates Banque PSA Finance’s ability to access the credit markets due to the solidity of its balance sheet and Tier One ratio of above 11%.
The funds raised will provide further liquidity resources to Banque PSA Finance which has continued to reinforce its commercial performance and consolidate its market share during Q1 2009.