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Groupe Auchan succesfully priced €600 million 7-year bond offering

Croix, France, 2014-4-18 — /EPR Retail News/ — On Tuesday April 15, Groupe Auchan successfully priced a €600 million 7-year bond offering.

The order book was quickly closed, given the size and quality of the orderbook, in excess of €2.4 billion.

Price guidance was first established at ms+60/65 bps. Investors’ eagerness of this issuing enabled Groupe Auchan to improve its financing conditions by finally setting a price offering of ms+55 bps and a 1.750% coupon, the lowest coupon ever paid by Groupe Auchan.

The orderbook highlights the excellent geographic diversification, with 50% coming from non-French investors. Assets Managers represent more than 60% of the investors, followed by insurance companies and banks.

Citi, CM-CIC, HSBC, SG CIB and Unicredit worked as joint bookrunners of this operation.


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