4-3-2013 — /europawire.eu/ — PSA Peugeot Citroën today (28/02/2013) issued a 1 billion euros bond with a 5 years maturity (March 2018) and an annual coupon of 7.375%.
This confirms the Group’s ability to seize opportunities in the bond market. Despite a difficult European capital market environment, the very positive response to this issue with an order book of 4.3 billion euros reflects investors’ support for the action plans launched by the Group and its future prospects.
Jean-Baptiste de Chatillon, Chief Financial Officer and Member of the Management Board said: “We want to maintain a high level of financial security. We are delighted with the success of this operation, which is fully in keeping with the balanced management of the Group’s debt maturity profile.”
The placement was managed by BNP Paribas, CA CIB, Deutsche Bank, HSBC, Natixis and Société Générale.
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