PSA Peugeot Citroën Continues to Actively Manage Its Debt

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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