Today 09/30/2016 - 05:35:16 PM
Peugeot SA 13.595€
CAC 40 4,448.26 PTS
On June 9th, 2015, PSA Peugeot Citroën launched a tender offer on several outstanding bonds representing a total outstanding nominal of €2,388 million, maturing in March 2016, October 2016, July 2017, and March 2018.
The transaction is another step in the active management of the Group debt, which started in September 2013.
The offer is a success, with a total nominal amount of €500 million tendered and accepted, which leads to a significant reduction of the gross debt and financial charges of PSA Peugeot Citroën.
The dealer managers for the transaction were BNP Paribas, CACIB, and HSBC, and the tender agent was BNP Paribas Securities Services.