Regulatory News
On September 9, 2014, PSA Peugeot Citroen (Paris:UG) launched a tender offer to buy back several outstanding bond lines maturing in June 2015, March 2016, October 2016 and July 2017.
The buyback marks the continuation of the active debt management strategy initiated by the Group in September 2013.
The offer was a success, yielding total proceeds of €374 million, which will help to further reduce the Group's debt and its financial charges.
The transaction confirms the Group's ability to take advantage of favourable market conditions to conduct transactions in order to successfully carry out its financing strategy.
The managers for the transaction were BNP Paribas, HSBC, Natixis and Société Générale and the centralising agent was BNP Paribas Securities Services.
About PSA Peugeot Citroën
With its three world-renowned brands, Peugeot, Citroën and DS, PSA Peugeot Citroën sold 2.8 million vehicles worldwide in 2013, of which 42% outside Europe. The second largest carmaker in Europe, PSA Peugeot Citroën recorded sales and revenue of €54 billion in 2013.
The Group confirms its position of European leader in terms of CO2 emissions, with an average of 115.9 grams of CO2/km in 2013. PSA Peugeot Citroën has sales operations in 160 countries. It is also involved in financing activities (Banque PSA Finance) and automotive equipment (Faurecia). For more information, please visit www.psa-peugeot-citroen.com
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+33 1 40 66 42 00 psa-peugeot-citroen.com - @PSA_news
Contacts:
PSA Peugeot Citroen
Media relations
Jean-Baptiste Thomas, +33 (0) 1 40 66 47 59
jean-baptiste.thomas@mpsa.com
or
Pierre-Olivier Salmon, +33 (0) 1 40 66 49 94
pierreolivier.salmon@mpsa.com
or
Caroline Brugier-Corbière, +33 (0) 1 40 66 58 54
caroline.brugier-corbiere@mpsa.com
or
Investor relations
Carole Dupont-Pietri, +33 (0) 1 40 66 42 59
carole.dupont-pietri@mpsa.com
or
Anne-Laure Desclèves, +33 (0) 1 40 66 43 65
annelaure.descleves@mpsa.com
or
Karine Douet, +33 (0) 1 40 66 57 45
karine.douet@mpsa.com