PARIS, 2014-2-21 — /EPR Retail News/ — Casino successfully issued a new 10-year bond of €900 million. This bond, which will pay a coupon of 3.248%, has been significantly oversubscribed by a diversified investor base.
Casino also announced today a tender offer for bonds maturing in April 2016 and February 2017 for an amount to be determined at Casino’s discretion. Tender offer results will be known on 28 February 2014.
Proceeds from the new issuance will finance the tender offer and strengthen the Group’s liquidity.
These transactions will enable Casino to lengthen its bond debt maturity profile.
Casino is rated BBB- stable by Standard & Poor’s and Fitch Ratings.
BNP Paribas, Citigroup, Crédit Agricole Corporate and Investment Bank, HSBC, ING, Mitsubishi UFJ Securities International and Natixis acted as joint bookrunners and deal managers of these transactions.
ANALYST AND INVESTOR CONTACTS
Régine GAGGIOLI – Tel: +33 (0)1 53 65 64 17 – rgaggioli@groupe-casino.fr
or
+33 (0)1 53 65 64 18 – IR_Casino@groupe-casino.fr
GROUP EXTERNAL COMMUNICATION DEPARTMENT – PRESS CONTACT
Aziza BOUSTER
Tel: +33 (0)1 53 65 24 78
Mob: +33 (0)6 08 54 28 75 – abouster@groupe-casino.fr