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.
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“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.
