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.
- PR Successful tap of the 2022 Bond - 01/24/18 (pdf 131.9 ko)