Another Success For PSA Group On the Financial Markets
15 März 2017 - 6:51PM
Business Wire
Regulatory News:
On 14 March 2017, PSA Group (Paris:UG) launched a €600 million
bond issue that was more than twice oversubscribed.
This transaction, with a seven-year maturity, strengthens the
Group's liquidity and extends the average maturity of its bond debt
at the lowest cost ever achieved by PSA Group, with an annual
coupon of 2%.
Commenting on the transaction, Jean-Baptiste de Chatillon, Chief
Financial Officer of PSA Group and member of the Managing Board,
said: "This transaction has been another success for the Group. It
demonstrates investors' confidence in our 'Push to
Pass' growth plan, and illustrates the market's positive
reception to our merger project with Opel/Vauxhall”.
This issue was driven by the following 11 banks: BNP Paribas, CA
CIB, Commerzbank, HSBC, Natixis, Santander, Société Générale, BBVA,
CM CIC, Citi, NatWest Markets.
About PSA Group
With sales and revenue of €54 billion in 2015, the PSA
Group designs unique automotive experiences and delivers mobility
solutions that provide freedom and enjoyment to customers around
the world. The Group has three car brands, Peugeot, Citroën and DS,
as well as a wide array of mobility and smart services under its
Free2Move brand, to meet the evolving needs and expectations of
automobile users. The automobile manufacturer PSA is the European
leader in terms of CO2 emissions, with average emissions of
102.4 grams per kilometre in 2016, and an early innovator in
the field of autonomous and connected cars, with 2.3 million
such vehicles worldwide. It is also involved in financing
activities through Banque PSA Finance and in automotive equipment
via Faurecia. Find out more at groupe-psa.com/en.
Media library: https://medialibrary.groupe-psa.com/ / Twitter:
@GroupePSA
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170315006242/en/
PSA GroupMedia
Contact: +33 1 40 66 42 00
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
United Guardian (NASDAQ:UG)
Historical Stock Chart
Von Jul 2023 bis Jul 2024