Capital/Financing Update • Jan 24, 2018
Capital/Financing Update
Open in ViewerOpens in native device viewer
Casino announces today the successful issuance of a 200 million euro bond, which will be added to the existing bond due June 2022. Following this transaction, the nominal of this bond will increase from 550 to 750 million euros.
Taking advantage of a very conducive credit market backdrop, the financing cost is set at 1.490%, enabling Casino to reach for the first time a cost below 1.50%.
This transaction, nearly two times oversubscribed by a diversified investor base, strengthens the Group's liquidity.
Casino is rated BB+ stable by Standard & Poor's and Ba1 stable by Moody's.
HSBC, JP Morgan, Natixis, Santander and Société Générale acted as joint bookrunners.
Régine GAGGIOLI – Tel : +33 (0)1 53 65 64 17 [email protected] or +33 (0)1 53 65 24 17
Casino Group
Tel : +33 (0)1 53 65 24 78 [email protected] Stéphanie ABADIE, Press relations manager Tél : + 33 (0)6 26 27 37 05 – [email protected]
Simon ZAKS – Tel : +33 (0)6 60 87 50 29 – [email protected] Karine ALLOUIS – Tel : + 33 (0)6 11 59 23 26 – [email protected]
This press release was prepared solely for information purposes and should not be construed as a solicitation or an offer to buy or sell securities or related financial instruments. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.