Public senior unsecured bond in 2019

Financial newsWednesday 3 April 2019

PSA Banque France : new public senior unsecured bond €500M 3 year fixed rate notes

PSA Banque France (rated Baa1 by Moody's and BBB+ by S&P), successfully placed today a €500m fixed-rate bond issue due to mature in 2022 and carrying an annual coupon of 0.5%.

The final orderbook was over 8x oversubscribed with around €4bn of orders from more than 220 accounts.

This fourth issuance under EMTN program was carried out with partner banks, Banco Santander, Bank of America Merrill Lynch, Société Générale CIB and Wells Fargo as Joint Lead Managers. Access to capital market completes the mix of stable funding sources of PSA Banque France and is an important milestone in its strategy of diversification.

Credit ratings outlook revised to positive

Moody’s revised from stable to positive the outlook on Banque Stellantis France's credit ratings

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