Today 09/27/2016 - 05:35:14 PM
Peugeot SA 13.205€
CAC 40 4,398.68 PTS
PSA Peugeot Citroën today simultaneously launched a new bond issue and the buy-back of several of its outstanding lines. Together, these transactions have further lengthened the maturity of the Group's debt, while proactively managing its 2014 financing needs.
The 600 million euros bond issue has a 5.3 years maturity (January 2019) and offers an annual coupon of 6.5%.
Its success has confirmed the Group's ability to seize opportunities in the bond market. The very strong demand for the issue, with 3.4 billion euros in total orders, attests to investor support for the action plans implemented by the Group and for its outlook.
Placement of the issue was managed by nine banks: BNP Paribas, CA CIB, HSBC, Société Générale, Natixis, BBVA, Commerzbank, Lloyds and Santander.
At the same time, as part of its active debt management, the Group has announced a tender offer on several of its outstanding lines.
The buy-back is driven by BNP Paribas, HSBC, Société Générale and Raiffeisen Bank International AG and the offer is centralised by BNP Paribas Securities Services.