PSA Peugeot Citroën : Successful Bond Issue by Banque PSA Finance Argentina
PARIS -- October 2, 2013
Regulatory News :
PSA Peugeot Citroën (Paris:UG) :
PSA Finance Argentina Compania Financiera S.A. ("PSA Finance Argentina")
(Aa2.ar/NR/AA(arg)), which is 50/50 owned by Banque PSA Finance and BBVA Banco
Francés, raised AR$ 98.1 million (approximately €13 million) in two tranches
on September, 30h 2013 :
- Variable series: AR$ 78.8 million on a 22 month average maturity with a
floating private BADLAR rate plus 4% margin.
- Fixed series: AR$ 19.3 million with a fixed rate of 22.75% on a 9 month and
12 month maturity.
This transaction is the ninth undertaken in the Argentinian bond market since
2010 and the fourth in 2013. It illustrates the success of the strategy of
Banque PSA Finance to diversify sources of financing.
PSA Peugeot Citroën - 75 av. de la Grande Armée - 75116 Paris
PSA Peugeot Citroën
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