PSA Peugeot Citroën today (22 June 2010) launched a EUR500m 5.625% bond issue due in June 2015.
The main purpose of the issue is to finance the simultaneous partial buyback of 2001 bonds due in September 2011, the company said.
“These transactions aim to strengthen the group’s balance sheet by lengthening the average maturity of its debt at a favourable interest rate,” the automaker said in a statement.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
