PSA Peugeot Citroën continues to actively manage its debt with two
PARIS -- September 10, 2013
PSA Peugeot Citroën (Paris:UG) 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
This press release is for information purposes only and shall not constitute
an offer to sell or a solicitation of an offer to buy securities in any
jurisdiction. The securities mentioned in this press release have not been and
will not be offered to the public and no related documentation will be
distributed to the public in any jurisdiction.
The securities mentioned in this press release have not been and will not be
registered under the U.S. Securities Act of 1933 as amended. They may not be
offered or sold within the United States, except pursuant to an exemption from
the registration requirements. PSA Peugeot Citroen does not intend to make any
public offering of the securities in the United States.
Release, publication or distribution of this press release is forbidden in any
country where it would violate applicable laws or regulations. This press
release must not be released, published or distributed in the United States,
Canada, Japan or Australia.
PSA Peugeot Citroën
Telephone (33 1) 40 66 42 00
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