Consult the 2019 Annual Results of PSA Banque France Group
PSA Banque France : first public senior unsecured bond €500m 3-year Fixed Rate Notes
Following the reopening of markets at the beginning of the year 2017, PSA Banque France, rated Baa2 (positive outlook) by Moody's, successfully placed today a €500m fixed-rate bond issue due to mature in January 2020 and carrying an annual coupon of 0.500%.
The final orderbook was over 10x oversubscribed with around €5bn of orders from more than 260 accounts, in a week with high level of activity of issuers from automotive industry on the financial markets.
This first issuance under EMTN program was carried out with partner banks, SG CIB as Global Coordinator and Banca IMI, CA-CIB, SG CIB as Bookrunners.
Access to capital market completes the mix of stable funding sources of PSA Banque France and is an important milestone in its strategy of diversification.