PEUGEOT INVEST (EPA:PEUG) - €300m bond issue

Transparency directive : regulatory news

28/10/2019 18:08

Neuilly-sur-Seine, 28 October 2019

Success of FFP's inaugural 7-year EUR300 million bond issue

FFP announces that it has completed the placement of an inaugural EUR300
million bond issue, maturing in 7 years (October 2026) and bearing a fixed
annual coupon of 1.875%.

The success of this inaugural transaction, for an unrated issuer, illustrates
investors' confidence in FFP's strategy and credit profile. This bond issue
will allow FFP to extend the average maturity of its indebtedness and further
diversify its sources of financing.

The net proceeds of this issue will be used for the general corporate purposes
of the company in order to pursue its strategy as a long-term minority
investor.

The settlement will occur on 30 October 2019. The bonds will then be traded on
Euronext Paris.

BNP Paribas, Crédit Agricole CIB and Natixis acted as joint bookrunners.

Commenting on this transaction, Robert Peugeot, FFP's Chairman and CEO, stated:
"I am delighted with the successful placement of this inaugural public bond
issue which demonstrates investors' confidence in the model of FFP, a
diversified investment company. This issue allows us to increase our sources of
financing and extend the maturity of our indebtedness. FFP manages its balance
sheet prudently, and will continue to use measured indebtedness as a source of
flexibility for its investment transactions".

About FFP

FFP is an investment company listed on Euronext, majority-owned by
Établissements Peugeot Frères and led by Robert Peugeot. FFP is one of
the leading shareholders in Peugeot SA and pursues a policy of investing for
the long term by taking minority stakes. FFP holds interests in listed
companies (such as SEB, Safran, Orpea, Lisi and Spie), unlisted companies (such
as Tikehau Capital Advisors, Acteon or Total-Eren), co-investments (such as IHS
and JAB Holding), private equity funds and real estate (such as SIGNA Prime
Selection or Immobilière Dassault).

Investor relations
Sébastien Coquard: +33 (0)1 84 13 87 20
sebastien.coquard@groupe-FFP.fr

www.groupe-FFP.fr

Press relations
Vincent Deshayes: +33 (0)1 58 47 94 09
vincent.deshayes@havas.com

DISCLAIMER

This press release is for information purposes only and does not constitute an
offer to sell or a solicitation to purchase any securities in any jurisdiction.
No action has been undertaken or will be undertaken to make available any bonds
to any retail investor in the European Economic Area. In France, a listing
prospectus will be submitted to the approval of the French Autorité des
marchés financiers for a listing of the bonds on the regulated market of
Euronext Paris. Settlement-delivery remains subject to this approval. This
press release is not an offer for sale within the United States of any security
of FFP or any of its affiliates. Securities of FFP or any of its affiliates may
not be offered or sold in the United States absent registration under the U.S.
Securities Act of 1933, as amended, or unless exempt from such registration.
Release, publication or distribution of this press release is forbidden in any
jurisdiction where such release, publication or distribution would violate
applicable laws or regulations.

PEUGEOT INVEST's latest news

10/04/2024 17:45

PEUGEOT INVEST (EPA:PEUG) - €300m bond issue

Transparency directive : regulatory news

PEUGEOT INVEST's latest news

Other stories