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16/11/2012 | Paris

PSA Finance Argentina Compania Financiera S.A. ("PSA Finance Argentina") (Aa2/NR/AA), which is 50/50 owned by Banque PSA Finance and BBVA Banco Francés, raised AR$ 93.4 million (approximately €15.2 million) in two tranches on 14 November 2012 :

  • variable serie : AR$ 80 million on a 24 months maturity with a floating private Badlar rate plus 4.5% margin.
  • fixed serie : AR$ 13.4 million with a fixed rate of 19,25% on a 9 months maturity.

With this last dual tranche bond issue, PSA Finance Argentina made in 2012 six bond issues for a total amount of AR$ 293 million.
This new transaction illustrates the successful strategy of Banque PSA Finance to diversify sources of financing and to develop its activities in the Group’s markets.

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