PSA Banque France Group: publication of 2019 Annual Report
Consult the 2019 Annual Results of PSA Banque France Group
PSA Banque France (rated A3 by Moody’s and BBB+ by S&P) today placed a €500 million fixed rate bond issuance due June 2024, carrying an annual coupon of 0.625 per cent.
The issue was almost 6 times oversubscribed with around €2.9 billion of orders from more than 230 accounts.
This fourth issuance under EMTN Programme was carried out with Banco Santander, HSBC, ING and J.P. Morgan, as Joint Lead Managers. PSA Banque France thus continues the strategy of diversification of its stable funding sources to support its growth.