Groupe PSA Successfully Returns to the Financial Markets
11 April 2016 - 9:25AM
Business Wire
Regulatory News:
Groupe PSA (Paris:UG) launched a bond issue on April 8th, 2016,
marking its return to the financial markets.(*)
Timed to take advantage of favourable market conditions, the
transaction maturing in seven years (April 2023) extends the
maturity of the Group's debt at historically low costs (annual
coupon of 2,375%).
This transaction, deliberately limited to €500 million, was
7.6 times oversubscribed.
Commenting on the transaction, Jean-Baptiste de CHATILLON, Chief
Financial Officer of Groupe PSA and member of the Managing Board,
said: "This transaction has been a success. It illustrates the
success of our 'Back in the Race' recovery plan and attests to
investors confidence for 'Push to Pass', our new profitable growth
plan, unveiled on April 5th."
This issue was driven by the following 10 banks : BNP Paribas,
HSBC, CA CIB, Natixis, Santander, Société Générale, Banca IMI,
Commerzbank, RBS and Unicredit.
(*) Groupe PSA’s last bond issue was in September 2013
About PSA GroupWith its three world-renowned brands,
Peugeot, Citroën and DS, the PSA Group sold 3 million vehicles
worldwide in 2015. Second largest carmaker in Europe, the PSA Group
recorded sales and revenue of €54 billion in 2015. The Group
confirms its position of European leader in terms of CO2 emissions,
with an average of 104.4 grams of CO2/km in 2015 and is currently
the leader in connected vehicles, with a fleet of 1.8 million
connected vehicles on the road worldwide. It is also involved in
financing activities (Banque PSA Finance) and automotive equipment
(Faurecia).For more information, please visit groupe-psa.com/en
Communications Division - www.groupe-psa.com/en
- +33 1 40 66 42 00 - @GroupePSA
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version on businesswire.com: http://www.businesswire.com/news/home/20160411005446/en/
PSA GroupMedia Contact: (+33) 1 40 66 42 00
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