Groupe PSA successfully returns to the financial markets

Mon, 11/04/2016 - 08:45

Groupe PSA 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